Fed keeps stimulus as markets ride high on hopes
The Fed delays reducing its 85 billion dollar monthly bond purchases citing slow job improvement. Markets rally with the Dow near record levels while long term rates stay low benefiting borrowers and investors. Emerging markets face capital shifts and savers endure persistently low yields amid Washington budget fears.
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Washington
Federal Reserve
Fed
Wall Street
Ben Bernanke
U.S
Treasury
Gus Faucher
PNC Financial Services Group
Prudential Loses Appeal on Expanded Financial Oversight
Prudential Financial failed to overturn a ruling that classifies it as systemically important, subjecting it to tighter oversight by regulators and the Federal Reserve. The decision, announced after a hearing, places Prudential among non banks whose failure could threaten markets, alongside AIG and GE Capital.
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New York
Prudential Financial
Prudential
Financial Stability Oversight Council
Federal Reserve
American International Group Inc
General Electric Co
GE Capital
General Electric
AIG
Newark
N.J
Hartford
Money market fund assets slip. total at $2.658 trillion
Total U S money market mutual fund assets fell to $2.658 trillion for the week ended Wednesday, with retail funds down and institutional funds up slightly. Taxable retail assets dropped while tax exempt retail and taxable institutional funds moved lower and yields held steady near 0.01 percent.
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New York
U.S
Investment Company Institute
Mutual Fund
Money Market
Money Fund Report
iMoneyNet Inc
Westborough
Mass
Bankrate.com
Savings and Loan
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