Stocks dip as investors focus on Fed
Summary:
- U.S. stocks declined because investors fear that the Federal Reserve will start slowing down their stimulus next month when they have the big meeting on September 18, 2013. This shows that the investors are relying heavily on the stimulus to drive the stock market. Also this shows that the entire stock market as of right now is dependent on the stimulus that it’s receiving every month, $85Billion.
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Categories: Capital Markets
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