WASHINGTON -- The Federal Reserve's policy-making arm voted to keep interest rates close to zero on Wednesday, saying the economy's slow improvement warrants maintaining its $600 billion asset-purchase programthrough mid-2011. Do not fight the Fed. Bull markets end following a protracted increase in short-term interest rates as the Fed stops injecting liquidity into the system. This business cycle cycle is no different from all the previous ones.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest
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