"The Federal Reserve extended its conditional pledge to keep its benchmark interest rate close to zero by more than a year, saying the economy is growing too slow to meaningfully lower the unemployment rate."
Translation, QE to infinity
Wednesday, 25 January 2012
Gold goes Ballistic - Fed says no rate hikes until late 2014
Wondering why gold just went ballistic in the matter of minutes?
"The Federal Reserve extended its conditional pledge to keep its benchmark interest rate close to zero by more than a year, saying the economy is growing too slow to meaningfully lower the unemployment rate."
"The Federal Reserve extended its conditional pledge to keep its benchmark interest rate close to zero by more than a year, saying the economy is growing too slow to meaningfully lower the unemployment rate."
