Markets Await Fed Announcement

By: Associated Press
By: Associated Press

WASHINGTON (AP) Ben Bernanke is scheduled to give his final quarterly news conference as Federal Reserve chairman today, and investors are waiting to see whether he will announce a slowing of the Fed's bond purchases.

The $85 billion monthly purchases have been intended to keep long-term loan rates low to spur economic growth.

With inflation historically low, most economists expect the Fed will maintain the pace for now.

Overseas stocks markets are mostly higher today.

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