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Before the Bell: Futures steady on news of Bernanke's reappointment |
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| Aug 25, 2009 12:30 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
President Barack Obama is set to renominate Federal Reserve Chairman Ben Bernanke to another term, and will announce his decision this morning. Fed watchers believe continuity in that office will help markets remain calm, as more questions are raised about the Fed's ability to withdraw its numerous programs aimed at restarting the economy before inflation becomes a problem. The market also awaits data on Consumer Confidence and the Case-Shiller Home Price Index, both of which will be released later this morning. James Cullen edits and writes at <font>CollegeAnalysts.com</font>. Before the Bell: Futures steady on news of Bernanke's reappointment originally appeared on BloggingStocks on Tue, 25 Aug 2009 07:30:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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U.S. market futures were fractionally higher in pre-market trading this morning, with the S&P 500 and Nasdaq contracts trading about one point above fair value.Be the first to comment on this story and earn 2 points.
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