Economy is shaping up, focus still on oil, notes Federal Reserve

03/15/2011 | Reuters

The U.S. Federal Reserve on Tuesday said it will move ahead with its plan to purchase $600 billion worth of bonds based on its positive economic assessments. Factors that contributed to an improved economic outlook show that job growth and financial markets are moving toward greater stability despite negatives such as a depressed housing market, rising oil prices and high unemployment rates.

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