Nov 4th, 2009 - Forbes
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WASHINGTON, Nov 4 (Reuters) - The U.S. Federal Reserve on Wednesday expressed growing confidence that an economic recovery was building, even as it stuck to its commitment to keep borrowing costs near zero for 'an extended period.'
As expected, the central bank closed out a two-day meeting with a decision to keep benchmark overnight interest rates in a range of zero to 0.25 percent. The vote was unanimous.
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Fed to Keep Rates Low Despite Pickup
Nov 5th, 2009 - Wall Street Journal
The Federal Reserve affirmed its plan to keep interest rates "exceptionally low" for a long time despite signs of economic recovery. But the Fed began to lay rhetorical groundwork for an eventual shift in its stance...
Fed Will Hold Rates at Record Lows
Nov 4th, 2009 - CBS News
Updated at 3:26 p.m. EASTERN With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery.
US STOCKS-Wall St rally fades late after Fed; Cisco up late
Nov 4th, 2009 - Reuters
* Investors eye FOMC statement on rates and economy * Healthcare jumps after election results * Cisco climbs in extended trade after results * Dow up 0.3 pct, S&P up 0.1 pct...
AT A GLANCE: FOMC Stands Pat On Rates; Upgrades Econ Outlook
Nov 4th, 2009 - Wall Street Journal
THE EVENT: The Federal Reserve's rate-making panel kept interest rates at record-low levels and reiterated it intends to keep them there a while longer. However, the central bankers did slightly boost their outlook for an economic recovery.
Fed sees rates near zero for extended period
Nov 4th, 2009 - Reuters
WASHINGTON (Reuters) - 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...
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