CBOE Traders Work After Fed Rate Announcement
Traders work in the CBOE Volatility Index (VIX) pit at the Chicago Board Options Exchange on December 12, 2012 in Chicago. Stocks were rising after the Federal Reserve Open Market Committee announced it will keep the Fed Funds interest rate near zero until the 7.8 percent unemployment drops to 6.5 percent inflation increases to 2.5 percent from its current 2.2 percent rate. The FOMC also announced that it will purchase $45 billion a month in Treasury bonds and continue to buy $45 billion a month in mortgage-backed bonds to stimulate the economy. UPI/Brian Kersey
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