Some analysts cautioned that the Fed's statement was likely to be only a "short-term positive," particularly as the timing of a reduction in bond-buying and the sustainability of a recent upswing in China's economy remained uncertain.
Many market experts are still leery of the recent upswing, pointing to a rally that lifted the S.& P. 500 index 24percentthroughgh early January only to retreat quickly.
There was the long shot of Joan and the four other (surviving) Sterling Cooper Draper partners, perfectly spaced across the screen before a bank of windows as they surveyed the new office space the firm was about to move into, symbolic of its recent upswing.
"You don't see the Dalai Lama drinking cappuccino," she said of tea's recent upswing.
Jed Kolko, chief economist at Trulia, a real-estate site, wrote in a recent blog post that despite the recent upswing in mortgage rates, the cost of owning a home is still low when compared to the main alternative: renting.
Despite the recent upswing, however, states are still spending an average of 23percentt less per student on higher education than they did when the recession hit at the end of 2007, according to the Center on Budget and Policy and Priorities.
A steep slide in the price of oil, copper and other commodities dragged Wall Street lower on Wednesday, as traders questioned whether a recent upswing in the stock markets had raced too far ahead of the real economy.
Before the recent upswing in energy prices, the state government expected a budget shortfall of $183m.
We have abstinence-only ed to thank for the recent upswing in the teen birth rate, a job assisted by the glamorization of teen moms in the media and of babies in the tabloids and the reality TV shows.
In a July article on the subject, Michael Ryan from the Business Roundtable was quoted as arguing that the recent upswing in proxy access demand is "far from a tipping point in terms of corporate governance".
