Which Way Will Bernanke Go?

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Perhaps unlike previous instances, markets seem to be in the dark over whether the Fed Chairman, in his annual address today, will resort to additional monetary easing measures to revive the US economy. However, market whispers do suggest that Bernanke might hold his cards close to his chest until the release of non-farm payrolls and ISM manufacturing data next week.

Although Spain remains on the brink of seeking more aid, the nation’s Prime Minister reiterated that the country would avoid demanding assistance until his European counterparts make aid conditions clear. Next week’s monetary policy decisions from the ECB and the BoE are also expected to keep investors on their toes.

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