All eyes were on Ben Bernanke today, as the Fed Chairman delivered his commentary after the central bank’s latest policy announcement. As was expected, the Fed extended its bond-buying program in effort to boost the jobs and the economic recovery. Though the central bank stressed that they are by no means putting monetary policy on “auto-pilot”, they did set a 6.5% threshold for the unemployment rate. Bernanke also brought attention to the looming fiscal cliff, stating that it is already “clearly” affecting the economy. Putting pressure on Congress, he stated “I don’t think the Federal Reserve has tools to offset the effect… We’d have to temper the expectations of what we can accomplish” [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks End Mixed After Bernanke’s Speech U.S. equities were in for rather volatile day of trading, as Bernanke’s speech initially sparked a broad market rally. But as investors began [...] Click here to read the original article on ETFdb.com. Related Posts: 7 Leveraged ETFs Every Day Trader Must Know Daily ETF Roundup: Stocks Inch Higher On Jobs Data Daily ETF Roundup: Markets Move As Bernanke Delivers QE3 Gold ETFs In 2012: The Good, The Bad, And The Ugly The Most Successful ETFs Of All-Time
All eyes were on Ben Bernanke today, as the Fed Chairman delivered his commentary after the central bank’s latest policy announcement. As was expected, the Fed extended its bond-buying program in effort to boost the jobs and the economic recovery. Though the central bank stressed that they are by no means putting monetary policy on “auto-pilot”, they did set a 6.5% threshold for the unemployment rate. Bernanke also brought attention to the looming fiscal cliff, stating that it is already “clearly” affecting the economy. Putting pressure on Congress, he stated “I don’t think the Federal Reserve has tools to offset the effect… We’d have to temper the expectations of what we can accomplish” [see also 101 High Yielding ETFs For Every Dividend Investor]. Global Market Overview: Stocks End Mixed After Bernanke’s Speech U.S. equities were in for rather volatile day of trading, as Bernanke’s speech initially sparked a broad market rally. But as investors began [...]
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