Federal Reserve Upbeat, Stocks Jump

Many investors were waiting for the Federal Reserve to weigh in on the current economic climate of the United States. After the Federal Reserve said that the nation’s economy is leveling out, that news was good enough to cause stocks to jump on Wednesday.
While the Federal Reserve “leveling out” comment doesn’t sound like high praise, it was actually about as good as could have been expecting. Many market experts thought that it was possible that the Federal Reserve could still say the U.S. is still looking for the bottom of the current economic hardship.
The major stock indexes were up between …read more