Fed leaves key interest rate at 1 percent

The Federal Reserve signalled Tuesday that interest rates would be kept low for a "considerable period". The Fed's assurances in August and this month that it will keep rates low for a considerable period seemed to be convincing bond traders.

Source: Associated Press

The Federal Reserve kept a key interest rate at a 45-year low on Tuesday and repeated its pledge to keep rates at rock-bottom levels for a "considerable period."

The action triggered a broad rally on Wall Street as investors were bo

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