Transcript for Federal Reserve's Optimism Helps Stocks Soar
And now to the economy stocks here are on a roll and most likely so was your 401K Wall Street beginning the morning at its highest level in more than four years following. Tuesday's 217. Point rally so. Is this economy finally turning the corner ABC's comical intrigue are Jimmy weekend anchor here to take a look -- -- to be doing just that good morning huge. Take the average 401K up 9300. Dollar since the beginning of the year so the big question is what's behind the rally. Well yesterday the Federal Reserve sounded more optimistic saying it expects moderate economic growth. It expects the unemployment rate will decline gradually also most big banks are -- considered healthy according to the Fed having passed the latest round of stress tests. And there are new signs Americans are feeling more confident they're spending more money and retail sales -- then when consumer -- companies tend to hire more people. However there are still some hurdles to overcome gas prices up thirty cents this month alone. That could -- Americans spending springing -- historically anytime gas prices of hovered around four dollars per gallon. For sustained period time the economy tends to -- a look at the best parts Johnson -- -- I don't think -- --
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