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The Carthage Press
  • STOCKS EXPLODE AFTER FED ANNOUNCEMENT

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  • Business Insider
    The Fed announced a taper and stocks are spiking.
    The Dow is up 275 points and the S&P 500 is up 28 points.
    Gold is basically unchanged and bonds are now higher, with the yield on the 10-year at 2.89% (up 5 basis points from yesterday's close).
    The Fed will taper its asset purchasing program to a monthly rate of $75 billion from the current $85 billion pace, the FOMC just announced.
    Click here for our full breakdown of the Fed's surprise decision »
    See Also:
    SEE ALSO: Bernanke Explains The Fed's Surprise Decision
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