America Breaking News: 2 Fed Officials Seek to Calm Financial Markets

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America Breaking News: 2 Fed Officials Seek to Calm Financial Markets

by Wochit 0:44 mins

America Breaking News: 2 Fed Officials Seek to Calm Financial Markets

by Wochit 0:44 mins

Federal Reserve officials are seeking to calm investors by assuring them the Fed won't start trimming its bond purchases until the economy has strengthened. They say any pullback in the Fed's stimulus will hinge on the economy's performance, not a calendar date. The number of people who signed contracts to buy U.S. homes jumped in May to the highest level in more than six years, a sign home sales will rise in the months ahead. CDW's stock climbed in the information technology company's first day of trading on the Nasdaq.

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