14 in the Federal Reserve meeting on interest rates that kept interest rates unchanged, will continue to implement a total of 600 billion U.S. dollars of treasury bonds to purchase plans to stimulate the economy. Economic data released the day combined with better than market expectations, U.S. stocks rose across the board, the Dow and S & P index hit a more than two years of the closing high.
15 after the opening bell, the three major U.S. stock indices continued ascribed. As of 23:00 GMT, the Dow Jones 30 industrial average index rose to 11,503 points, the S & P 500 index rose to 1242 points and the Nasdaq composite index rose to 2632 points.
The Fed said in a statement after the meeting, the economic recovery is continuing, the U.S. economy is consumer spending, the main engine of growth is moderate growth for months. But the Fed also pointed out that the pace of recovery has been insufficient to reduce unemployment, high unemployment, the real estate market downturn and credit crunch curbed consumer spending.
The Fed reiterated that short-term interest rates to 0.25% will be in the zero level to maintain a longer period of time in order to boost the slow progress of the U.S. economy. The Fed will continue to monitor economic outlook and financial situation, and will use monetary policy tools necessary support economic recovery. Fed officials also reiterated that prior to the purchase of 6 billion dollars proposed bond program will be regularly assessed, and may be adjusted according to economic progress. However, after the end of the meeting, the Fed did not suggest any adjustments are being considered.
Announcements, Kansas City Fed President Horn of the Federal Reserve left interest rates unchanged object. Horn said the next loose monetary policy could push up long-term inflation, which would hurt economic stability. Some economists agree with his view that the Federal Reserve's second round of quantitative easing monetary policy would further depreciation of U.S. dollar, boosting commodity prices and asset bubbles in overseas markets.
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