Disappointing economic data released today led investors to believe that the Federal Reserve, in its meeting next week, would not be as aggressive in tapering its stimulus. As a result, stocks rose today. “The view is that we’re recovering and continue to do it in a slow pace,” Channing Smith, at Capital Advisors Inc. in Tulsa, Oklahoma, said. “The Fed will begin to taper but will be on a magnitude of $10 billion, which shouldn’t have an impact.”
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