Fed maintains rate, increases support for markets

09/24/2009 | MarketWatch

The U.S. Federal Reserve said the key interest rate will remain at zero to 0.25%. The central bank also announced the continuation of its program to buy mortgage-backed securities and agency debt into the first quarter of 2010. "We continue to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period," the Fed said.

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