U.S. Stocks Erase Losses as Fed Sees Low Rates Until Late 2014
January 25, 2012, 2:10 PM ESTBy Michael P. Regan
Jan. 25 (Bloomberg) -- U.S. stocks erased earlier losses after the Federal Reserve said it sees “exceptionally low” interest rates through at least late 2014.
The Standard & Poor’s 500 Index rose 0.1 percent to 1,315.72 at 12:36 p.m. in New York after slipping as much as 0.5 percent.
--Editor: Jeff Sutherland
To contact the reporter on this story: Michael P. Regan in New York at mregan12@bloomberg.net
To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net
