News from The Christian Science Monitor
By Ken Sweet, AP Markets Writer / September 19, 2013
Stocks pulled back from record highs Thursday as investors tried to figure out what to do after the Federal Reserve's decision to keep its economic stimulus in place. Despite the pullback, stocks are on pace to have their best month in nearly two years.
Stocks and government bond prices pulled back from their record-setting levels on Wednesday. Gold, historically a haven for nervous investors, had its biggest one-day jump since the onset of the financial crisis in September 2008.
Investors faced new questions Thursday. Was the Fed's vote to delay dialing back its stimulus a signal that the U.S. economy is weaker than they previously thought? Does the Fed have greater concerns about future economic growth than Wall Street?
The Fed was supposed to scale back its $85 billion in monthly bond purchases by $10 billion to $15 billion.
Source: csmonitor
Read the full article at CSMonitor.
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