S&P 500 TRADES ABOVE RECORD CLOSING HIGH OF 1,565.15 ON AN INTRADAY BASIS
Attention algos: S&P within a whisper of record… 15-20 basis points.. tick tick
NEW YORK, March 26 (Reuters) – A U.S. government official
said on Tuesday that it was too soon to draw conclusions on
financial stability from the bailout of Cyprus, which has
rattled markets globally over the past week and a half.
It is still “early days,” Richard Berner, the newly
appointed director of the U.S. Treasury’s Office of Financial
Research, said, when asked what lessons the United States might
learn on the durability of financial markets.
NEW YORK, March 25 (Reuters) – The Federal Reserve must
remain very accommodative because the labor market remains “far
from healthy” despite some recent overall economic improvement,
an influential U.S. central bank official said on Monday.
New York Fed President William Dudley, a close ally of Fed
Chairman Ben Bernanke, provided a strong defense of the very
easy monetary policies that he said were gaining traction.