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Fed kept its benchmark federal funds rate unchanged in a range of zero to 0.25 percent. The Dow climbed as high as 9,928.04, while the S&P 500 hit an intraday high at 1,061.00 and the Nasdaq touched 2,081.00. But the market was unable to hold those gains...
Tags: Federal Reserve, Federal Open Market Committee, U.S, fed statement
In its continuing efforts to nurture the fragile economic recovery, the U.S. Federal Reserve is widely expected to leave interest rates at record lows when it concludes its meeting today (Wednesday)...The overwhelming consensus is that the Fed will hold...
Tags: Federal Reserve, Fed Statement, Federal Open Market Committee