Bernanke tonic, a statement that interest rates will remain low, lifts stocks from 2-day slump
By APWednesday, February 24, 2010
Bernanke tonic lifts stocks after 2-day slump
HOW DID BERNANKE SOOTHE THE MARKET: Investors are feeling secure, at least for now, that interest rates and borrowing costs will remain low.
BUT WILL THE MARKET CHANGE ITS MIND: If it follows the pattern of the past few months, investors are likely to shrug off Bernanke’s reassuring words when they see disappointing economic reports.
WHAT’S THE NEXT BIG TEST: Next week will bring the first readings on the economy during February, including the Labor Department’s employment report.
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