Yesterday, investors had mounting doubts about the prospect of more stimulus. Today however, was a quite different story. Apparently the Fed minutes released on Wednesday were not enough to convince Wall Street that the central bank is indeed ready to take further action to boost the rather anemic economic recovery. However, a letter from Bernanke to U.S. Rep. Darrell Issa (R., Calif.) seemingly did the trick to convince investors the Fed isn’t taking this matter lightly. In the letter, which was publicly released today, Bernanke vehemently defended the central banks’s actions, and emphasized that there is scope for the Fed to take further stimulus measures. Adding to investors’ sense of new-found euphoria, the Europe’s central bankers kicked it into high gear as they continued to hammer out the details on measures meant to save the debt-ridden region [see also The Ultimate Commodity Survival Kit: 5 Must-Haves]. Global Market Overview: Helicopter Ben And Hurricane [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: Stocks Finish Flat On Mixed Data Daily ETF Roundup: Markets Clear A Hurdle, China Fails To Medal ETF Recap: Lawsuits, Facebook, And Fee Cuts (Oh My!) Three ETFs To Watch This Week: EWJ, IAU, SOCL Updated: Which ETFs Will Own Facebook (And When)
Yesterday, investors had mounting doubts about the prospect of more stimulus. Today however, was a quite different story. Apparently the Fed minutes released on Wednesday were not enough to convince Wall Street that the central bank is indeed ready to take further action to boost the rather anemic economic recovery. However, a letter from Bernanke to U.S. Rep. Darrell Issa (R., Calif.) seemingly did the trick to convince investors the Fed isn’t taking this matter lightly. In the letter, which was publicly released today, Bernanke vehemently defended the central banks’s actions, and emphasized that there is scope for the Fed to take further stimulus measures. Adding to investors’ sense of new-found euphoria, the Europe’s central bankers kicked it into high gear as they continued to hammer out the details on measures meant to save the debt-ridden region [see also The Ultimate Commodity Survival Kit: 5 Must-Haves]. Global Market Overview: Helicopter Ben And Hurricane [...]
Click here to read the original article on ETFdb.com.
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