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unemployment rate, interest rate
(Image from article: "NewsWatch: Gold hits new record above $1,100")

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Fed to Hold Rates Down Until Jobless Rate Is Below 6.5%

The central bank said Wednesday that it would maintain short-term interest rates near zero, even after it stops buying bonds, for as long as the unemployment rate stayed above 6.5 percent.

 

NewsWatch: Gold hits new record above $1,100

NewsWatch: Gold hits new record above $1,100

Gold futures barrel to a new record high above $1,100 an ounce, as news that the U.S. unemployment rate topped 10.2% in October boost expectations the Federal Reserve will keep interest rates near zero well into next year, pressuring the dollar.

 

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