March 15 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the US equity market today. US stocks escaped the brunt of a global selloff that sent Tokyo shares to their worst two-day decline since 1987, paring losses as Japanese officials made progress in stabilizing damaged nuclear reactors and the Federal Reserve said the American economy is improving. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)
In the News:
 Globe and Mail | Did Ben Bernanke Hint at QE3 During Historic Fed Press Conference? Money Morning The Fed expects the US unemployment rate of 8.8% to fall to between 8.4% and 8.7% by the end of the year, and get as low as 6.8% to 7.2% by 2013. The Fed's statement was very similar to its last policy announcement in mid-March. ... US markets up as Fed pledges support after quantitative easing endsIrish Independent Treasuries Gain Before Federal Reserve Meets as Equities SlipBusinessWeek Financial Press Talking Heads Focus on Bernanke's QE2 Money Printing SpeechThe Market Oracle Wall Street Journal all 6,114 news articles » |
Gold Price Steady, Awaits Fed Meeting GoldAlert Hathaway stated that he remains very bullish on the gold price because of the structural economic issues that continue to plague the US economy, as well as policymakers' responses to those challenges. He cited a lack of political will amongst Western ... and more » |
Stocks, Copper Drop as Dollar Falls Versus Franc Bloomberg Investors also looked ahead to the Federal Reserve's statement on interest rates and the economic outlook on April 27. “Profit estimates and growth expectations are beginning to soften a little bit,” said Robert Schaeffer, a money manager at Becker ... and more » |
 Reuters | Adjusted For Inflation, Dollar Hits Fiat-Era Low CNBC.com The Fed described the economy as recovering at a “moderate pace” in its statement, a dovish downgrade from the “firmer” recovery it stated before. The Fed also kept the language that it would remain accommodative for an “extended” period. ... US Dollar Investors Reality Check - How Much is that Priced in Euros?The Market Oracle all 517 news articles » |
 Daily News Pulse | Fed QE and SPX Gold Seek The SPX plunged 2.8% the next day, as traders wondered why the Fed was re-launching QE despite the obviously-improving US economy. As the Fed started buying Treasuries again, the stock markets rallied sharply into early November. ... Quantitative UneasinessThe Moral Liberal Fed QE Money Printing and the Stock Market SPX IndexThe Market Oracle all 60 news articles » |
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