The Federal Reserve made clear Wednesday that it isn’t planning to raise short-term interest rates soon.
But the central bank also got more specific about the conditions that would spur it to lift its key rate from the current zero-to-0.25% range.
Here’s how the critical paragraph in the Fed’s post-meeting statement [...]
Gold’s latest rally powered ahead Wednesday as the Federal Reserve maintained a dovish attitude toward interest rates.
Meanwhile, the dollar, the stock market and longer-term Treasury bonds all sold off after the Fed issued its post-meeting statement, which repeated that policymakers expected to keep short-term rates low "for an extended [...]
Federal Reserve policymakers stayed with the status quo today, saying in their post-meeting statement that they expected to keep short-term interest rates low "for an extended period."
That had been the big mystery surrounding the Fed’s meeting -- whether Chairman Ben S. Bernanke and peers would feel compelled to signal that [...]
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