Artery Clearing Device Approved by FDA: Makers' Stock Posting Dramatic Gains
Daily Stock Market Summary: Stocks opened the day lower as the US President continued to sound a pessimistic note concerning the United States' long-term trade outlook with China. Markets are turning upward now, however, as the Federal Reserve indicated it would allow the inflation rate to temporarily run above their long-range target of 2%. This allowance should lessen the risk of acute market selloffs in case of modest inflation acceleration. After years of struggling to push inflation back to 2%, the Fed argues that a period of overshooting constitutes a â€œsymmetricalâ€ rate policy.