says it s going to keep interest rates where they are, near 0%. and it also says it s going to keep up its bond-buying program. the markets like what they heard from the fed along with a pledge from the new head of japan central bank about its own bold, easing measures to be unvailed on thursday. as a result, stocks moved higher here about. the dow touching an all-time intraday high. the blue chips did close 56 higher. nasdaq up by 25 and the s&p 500 rose for the first time in four sessions adding 10 points and taking us to within a few of an all-time high. steve leaseman tells us where we go from here. the federal reserve voting 11 to 1 to keep its policy in place and purchasing $85 billion a month in treasury and mortgage-backed securities in an effort to drive down long-term interest rates. but the federal reserve chairman in the press conference after the statement came out, suggested that the fed may reduce the amount of monthly purchases if he sees sustained improveme
questions about how the way cyprus has created for other countries and the like. it does have some consequence. having said that, you know, the vote failed and the markets are up today. and i don t think that the impact has been enormous. finally, the federal reserve in its statement for the first time made mention of fiscal restraint, which is another way of saying the sequestration that many analysts did not think was going to happen. fed chairman did say that he has concerns that reducing federal spending could reduce economic growth. back to you guys. well, two big companies that could be considered bellwether to the economy had two big misses today. oracle, the world s third largest software maker came in shy as new software sales sell. on the numbers, oracle shares took a big hit. and the other miss, fed-ex, the company reported weakness in international market as well as customers choosing cheaper options. with us now, more analysis of the fed decision and on t
cyprus has created for other countries and the like. it does have some consequence. having said that, you know, the vote failed and the markets are up today. and i don t think that the impact has been enormous. finally, the federal reserve in its statement for the first time made mention of fiscal restraint, which is another way of saying the sequestration that many analysts did not think was going to happen. fed chairman did say that he has concerns that reducing federal spending could reduce economic growth. back to you guys. well, two big companies that could be considered bellwether to the economy had two big misses today. oracle, the world s third largest software maker came in shy as new software sales sell. on the numbers, oracle shares took a big hit. and the other miss, fed-ex, the company reported weakness in international market as well as customers choosing cheaper options. with us now, more analysis of the fed decision and on the outlook for the economy i