US Fed pledges low interest rates, stocks rally

The Federal Open Market Committee of the Federal Reserve System of the US announced on Tuesday that it is keeping its ultra-low interest rate policies in place, from 0.0% to 0.25%,  RIA Novosti reports.

The decision fulfilled the expectations of experts.

The Fed has been maintaining the ultra-low interest rate for more than two years. In September 2007 the interest rate was 5.25%, and it has been decreasing since then.

American fund indexes reacted to the decision of the Federal Open Market Committee with a positive dynamic after short falling.