Fed’s Stimulus Shocker Sends Stocks Surging
Fed’s Stimulus Shocker Sends Stocks Surging (AP)
At approximately 2:05 pm EDT, yesterday, global stocks surged higher on the surprise news that the country’s $85 billion a month stimulus plan will continue chugging along for another month at least. In addressing the media after yesterday’s meetings, Fed Chairman, Ben Bernanke shared that too many economic indicators, including unemployment, were still not in position to support tapering the government’s program. That said, the next big question looming over investors is what happens in October, if all of the figures align?