Excerpt from: US Markets
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| February 24, 2010 | | Spread bets and CFDs on U.S. markets | Spread betting and contracts for differences on U.S. markets should consider that Federal Reserve chair Ben Bernanke does not believe that economic recovery has reached a sustainable level.
MarketWatch reports on some of Bernanke's testimony before Congress today:
"As the impetus provided by the inventory cycle is temporary, and as
the fiscal support for economic growth likely will diminish later this
year, a sustained recovery will depend on continued growth in
private-sector final demand for goods and services," Bernanke said.
He will provide more insight tomorrow in another round of testimony. It is clear that even though the Fed recently raised the discount rate in an effort to help begin a move out of economic stimulus, that things are far from settled.
The U.S. stock market doesn't seem to bent out of shape about it, though, with the Dow up nearly 85 points heading into mid-day trading.
| Topic Tags: Ben Bernanke, CFDs, contracts for differences, economic stimulus, spread bets, spread betting, U.S. markets | |
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