The Fed will maintain a zero interest rate until 2013.

On Tuesday, August 9, the U.S. Federal Reserve System (FRS) announced that it will continue its low interest rate policy for at least two more years until 2013 and reserves the option to take additional liquidity measures, although not nothing was said about the start of the third phase of the QE3 quantitative incentive. “The … Read moreThe Fed will maintain a zero interest rate until 2013.