Japan crisis spooks world markets as stocks slide sharply
Global markets reel as Japan faces a escalating nuclear crisis. The Nikkei tumbled more than ten percent, dragging U.S. indices lower with the Dow dropping about 300 points at the open before ending down 137.74. Investors seek safer assets as oil, grains, and bonds shift, while officials caution on the broader economic impact.
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Fed says economy on firmer footing after recession
The Federal Reserve signaled the U.S. economy is on firmer footing with gradual employment gains and inflation viewed as transitory. The central bank kept its $600 billion Treasury bond purchases, noting improving consumer spending and hiring while acknowledging global risks from Japan's nuclear crisis and Middle East unrest.
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