Wednesday November 4, 07:50 PM
STOCKS NEWS US-Fed sees rates near zero for extended period
Stocks on the move
Real (Frankfurt: BJU.F - news) -time Equity news
U.S. stock market report
1433 EST 04Nov2009-Fed sees rates near zero for extended period
------------------------------------------------------------------------------
The U.S. Federal Reserve on Wednesday expressed growing confidence that an
economic recovery was building, even though it stuck to its commitment to keep
borrowing costs near zero for 'an extended period.'
As expected, the Fed kept its benchmark federal funds rate unchanged in a
range of zero to 0.25 percent, and said the economy had 'continued to pick up'
since its last policy-setting meeting in September.
For details, see
|
|
|
Send Article by Email
Send Article by IM
Blog This with Y! 360
Printable View
