Fed Upgrades View of Economy While Keeping Rates Near Zero.

Since their March meeting, officials have seen the S&P 500 stock index continue to rally while yields on the government 10-year note, after a sharp move up in the first quarter, have traded in a range around 1.6%. Keywords: GBBEF; ALLTOP; BNK; BON; BUSINESS; COS; ETF; EXE; FIN; FRX; GEN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; US; WORLD; WWTOP EN GBBEF ALLTOP BNK BON BUSINESS COS ETF EXE FIN FRX GEN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM US WORLD WWTOP Federal Reserve officials strengthened their assessment of the economy on Wednesday and signaled that risks have diminished while leaving their key interest rate near zero and maintaining a $120 billion monthly pace of asset purchases. [Extracted from the article]

Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)