Thursday, June 28, 2007

U.S. Stocks Extend Advance After Federal Reserve Says Inflation Improved

(Bloomberg) -- U.S. stocks extended gains after
the Federal Reserve said inflation readings have improved.

``Readings on core inflation have improved modestly in
recent months,'' policy makers said after holding their target
for the benchmark overnight-lending rate between banks at 5.25
percent for an eighth consecutive meeting today.


Read more at Bloomberg Stocks News

No comments: