While you were sleeping Fed comes to the rescue

Wed, 12 Dec 2012

By Margreet Dietz Dec 13 (BusinessDesk) - Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world's largest economy. "The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions," according to a Fed statement following a two-day meeting of policy makers. "Furthermore, strains in global financial markets continue to pose significant dow...

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