Tuesday, August 9, 2011

BREAKING NEWS: Stocks Whipsawed By Fed Statement

An already-jittery stock market saw more volatility after the Federal Reserve said it expects short-term interest rates to remain exceptionally low at least until the middle of 2013. The Fed also offered a more cautious outlook on the economy, and the 10-year Treasury just touched 2.25%. Stocks have been bouncing violently since the release, with the Dow currently up 20 points at 10829. More

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