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Market slumps as Fed’s plans remain hazy

September 9, 2011

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The market slumped after the chairman’s latest speech offered no insight into whether the Fed will act to prop up the economy when policy makers meet Sept. 20-21. Worries about the economy have dragged down stocks since April. ‘Until we get clarity . . . this manic-depressive market activity will probably continue,’ said Wasif Latif, at USAA Investment.