Stocks jump as Fed raises view of economy - Yahoo! News: "By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer – 2 hrs 57 mins ago
NEW YORK – A more upbeat Federal Reserve is reassuring investors that they've been making the right bets.
Stocks bounded higher Wednesday after the central bank ended a two-day meeting by saying the economy appears to be 'leveling out' rather than shrinking at a slower rate. The Fed's more positive take on the economy than it had in June wasn't surprising but it still bolstered hopes for a recovery."
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Wednesday, August 12, 2009
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