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Stock Prices Fall as Fed Warns on U.S. Economy

HeadlineSep 22, 2011

Global stock prices have plummeted after the Federal Reserve issued a new warning about the slumping economy and announced limited measures to boost a rebound. On Wednesday, the Fed warned of “continued weakness” in the labor market and “elevated” unemployment, marking “significant downside risks to the economic outlook, including strains in global financial markets.” The Fed also unveiled a $400 billion plan to sell short-term bonds and purchase long-term debt.

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