17th December 2014 22:54 clock

dealers on Wall Street are pleased with the easy money policies of the Fed, the Dow Jones Industrial rebounded with a gain of 1.69 percent to 17,356.87 points in part from his recent losses.

Traders on Wall Street are pleased with the easy money policies of the Fed, the Dow Jones Industrial rebounded with a gain of 1.69 percent to 17,356.87 points in part by its recent losses. | © Brendan McDermid / Reuters

The US Federal Reserve leaves the base rate as expected at a record low of zero to 0.25 percent. The Declaration of the Federal Open Market Committee, there is no indication that the Fed intends to deviate from its monetary policy stance. Allow the markets to continue to expect a rate hike middle of next year. At the last rate-setting meeting in late October, the central bank had set as a step towards normalization of monetary policy the purchase of government bonds and mortgage-backed securities.

The move away from the cheap money policy was “to be patient” make it said at the Fed. Good numbers from the job market had recently fed speculation that the central bank could raise interest rates sooner than expected. The unemployment rate in November was 5.8 percent, the lowest level since July 2008. The US economy created last month, significantly more jobs than expected.

Fed chief Janet Yellen said it on the labor market still “room for improvement” give. Among other things, too many people were working part-time, although they would prefer a full-time job. Moreover, many people would search for a job completely abandoned in the United States.

Since the height of the financial crisis in late 2008, the interest rate is the largest economy in the world in a historically low range between zero and 0.25 percent. The Fed wants to support the economy by providing them with money banks on favorable terms. But it is taking steps to tighten its course.

At New York’s Wall Street traders cheered on the continued low interest rate. The Dow Jones Industrial rebounded with a gain of 1.69 percent to 17,356.87 points in part from his recent losses.