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U.S. Day Ahead: Sears' Lampert could sell more stores
On Wednesday, May 22, 2013" at 13:31 EST
Techquity: Taxing time for tech, Amazon aims for fan fiction
On Wednesday, May 22, 2013" at 11:04 EST
IRS official refuses to answer questions at scandal hearing
On Wednesday, May 22, 2013" at 10:06 EST
Trading at Noon: Stocks off highs after Bernanke warnings
On Wednesday, May 22, 2013" at 09:36 EST
Breakingviews: JPMorgan director’s words should worry shareholders
On Tuesday, May 21, 2013" at 14:49 EST
Keeping JP Morgan's Dimon is a plus- S&P Capital IQ's Oja
On Tuesday, May 21, 2013" at 12:21 EST
Economy: U.S. small biz set for a 'difficult' six months
On Tuesday, May 21, 2013" at 11:57 EST
Techquity: Apple scrutinized over taxes, Intel reorganizes
On Tuesday, May 21, 2013" at 11:25 EST
Reuters Market Updates
MV Daily Financial News Outlook
The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas pedal, Fed Chairman Ben Bernanke said on Wednesday.
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 by Washington.
Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday.
The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.