• Bernanke suggests Fed not ready to pull back on stimulus

    WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the U.S. central bank needs to see further signs of traction before taking its foot off the gas,1:11 PM ET | Reuters

  • Home sales close in on three-and-a-half year high

    WASHINGTON (Reuters) - Home resales rose in April to the highest level in nearly 3-1/2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by1:56 PM ET | Reuters

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[BRIEFING.COM] The major averages hover near their session lows with the S&P 500 down 0.5%.

The Federal Reserve has released the minutes from its May 1 meeting. The minutes indicated that many participants believed more economic progress needs to be seen before quantitative easing can be slowed down. However, some members did express their willingness to slow asset purchases as early as June, provided economic conditions warrant the change.

With regards to inflation, the ... More


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