Markets rally as Fed pledges to keep rates low for two years
The FTSE 100 climbed this morning and Asian and US markets rallied strongly overnight as the Federal Reserve announced it would hold interest rates at close to zero until 2013.
The S&P 500 closed 4.74% up at 1,172.53, while the Dow Jones ended the day 3.98% higher at 11,239.77. The yield on the 10-year US treasury plunged to an all-time record low overnight after the Fed’s...
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