While you were sleeping Investors await the Fed

Mon, 10 Jun 2013

By Margreet Dietz June 11 (BusinessDesk) - Standard & Poor's upgraded credit outlook on the US failed to lift Wall Street from the doldrums as investors try to gauge the Federal Reserve's plans for its bond-buying program. The next two-day Federal Open Market Committee meeting, starting on June 18, cannot come soon enough for many investors looking for direction of the central bank's plans for quantitative easing. "US economic performance continues to be characterised by steady if unspectacular growth," St Louis Fed Bank President James Bull...

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