US stocks jump on Fed’s promise of continued low rates

posted by
August 9, 2011
Posted in News

"The U.S. Federal Reserve on Tuesday took the unprecedented step of promising to keep interest rates near zero for at least two more years and said it would consider further steps to help growth, sparking a rebound in stocks. ... An unusually divided central bank pledged to hold benchmark rates at rock-bottom lows until mid 2013, and opened the door to other tools to support growth." (08/09/11)  

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