Wednesday, August 10, 2011

Fed to keep rates low for two years, stocks jump

WASHINGTON (Reuters) - The 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.

Source: http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/UaT8fVqsSCI/us-usa-fed-idUSTRE7775G120110810

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