After yesterday's Fed-induced sugar rush markets are heading slightly lower this morning as jobless claims in the US unexpectedly rose. Yesterday the Federal Reserve signaled confidence in the economy's strength but scaled back stimulus by a small amount. The central bank will buy $75 billion in bonds and mortgage-backed securities every month $10 billion less than it had every month since September 2012. It also signaled that interest rates will stay very low for the foreseeable future as long as the unemployment rate remains over 6.5%. The market surged on the news with the Dow Jones Industrial Average (INDEXDJX:.DJI) gaining![]()
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