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Limited Fed action disappoints global markets
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Jun 21, 2012
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<p><a href="http://news.yahoo.com/limited-fed-action-disappoints-global-markets-102829520--finance.html"><img src="http://l1.yimg.com/bt/api/res/1.2/8.XZ.H8RbVjSGdOzi6j_MQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/256d48ba51291c11130f6a7067008fa0.jpg" width="130" height="86" alt="Federal Reserve Board Chairman Ben Bernanke speaks during a news conference, Wednesday, June 20, 2012, in Washington. Bernanke says the Federal Reserve is open to purchasing more Treasury bonds to lower long-term interest rates and boost growth if the economy worsens. "If we don't see further improvement in the labor market, we will be prepared to take additional steps if appropriate," Bernanke said. (AP Photo/Haraz N. Ghanbari)" align="left" title="Federal Reserve Board Chairman Ben Bernanke speaks during a news conference, Wednesday, June 20, 2012, in Washington. Bernanke says the Federal Reserve is open to purchasing more Treasury bonds to lower long-term interest rates and boost growth if the economy worsens. "If we don't see further improvement in the labor market, we will be prepared to take additional steps if appropriate," Bernanke said. (AP Photo/Haraz N. Ghanbari)" border="0" /></a>Global markets fell Thursday after the Federal Reserve balked at providing major new stimulus to the U.S. economy, while key surveys showed manufacturing activity continued to contract in both China and Europe, raising concern over the outlook for the world economy.</p><br clear="all"/>
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