William Dudley, the influential head of the New York Fed said that The Federal Reserve's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if economic... more 
William Dudley, the influential head of the New York Fed said that The Federal Reserve's asset purchases would be more aggressive than the timeline Chairman Ben Bernanke outlined last week if economic growth and the labor market turn out weaker than expected. Contracts to purchase previously owned U.S. homes rose in May to the highest level in more than six years as buyers rushed to the market to lock in deals before interest rates climb higher. Recent jolts in the stock and bond markets have reintroduced some caution into Wall Street, with the Standard & Poor?s 500-stock index down nearly 3 percent HD Supply priced its stock sale at $18 a share late Wednesday, well below its expected range. Tremor Video priced its offering at $10 a share, below an anticipated range of $11 to $13. less 
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Thu, Jun 27, 2013 12:20 PM EDT