Macroeconomics Latest News: Stocks Rise After Bernanke Allays Stimulus Fear

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Macroeconomics Latest News: Stocks Rise After Bernanke Allays Stimulus Fear

Macroeconomics Latest News: Stocks Rise After Bernanke Allays Stimulus Fear
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Macroeconomics Latest News: Stocks Rise After Bernanke Allays Stimulus Fear

by Wochit 0:47 mins

Stocks broke through record highs in early trading after Federal Reserve Chairman Ben Bernanke said the central bank is in no hurry to stop supporting the economy. Stocks rose after comments by the Federal Reserve chairman, Ben S. Bernanke, indicated the central bank was unlikely to scale back its stimulus measures earlier than expected. The International Monetary Fund forecast slower global growth for 2013 and 2014, citing expectations of a more protracted recession in Europe and a slowdown in key developing countries such as China and Brazil.

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