Fed's Low Interest Rate Pledge Boosts Markets

Fed's low interest rate pledge boosts markets Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 11:22 a.m., Thursday, January 26, 2012 The Fed cut rates to near zero in December 2008 during the financial crisis and has held them there ever since. "With the FOMC sending out a strong signal that monetary policy is likely to remain accommodative for even longer than previously expected, risk assets are in a very good position," said Stan Shamu of IG Markets in Melbourne. Orders to U.S.

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