Makets News Afternoon: Bernanke says US recession losing steam; US service industries contracted in April at the slowest pace in six months
May 5th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stock, currencies and oil: The US recession appears to be losing steam, with growth likely to resume later this year, triggered by firmer household spending, a bottoming housing market and an end to inventory liquidation, the US Federal Reserve Chairman Ben Bernanke said today.