Stock market rebounds after Fed signals they may not raise rates

Mar 2012
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Was down almost 800 points again earlier today.

Stocks slashed steep losses on Thursday after news broke that the Federal Reserve could tighten monetary policy at a slower pace than previously expected.

The Wall Street Journal reported the central bank is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting next month. The report said Fed officials do not know what their next move on rates will be after December.

Dow rebounds from 780-point plunge, ends day just slightly lower on report Fed may pause hikes
 

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