Stock Surge After Historic Fed Announcement

Stocks jumped after the Fed released its latest FOMC statement. The Fed has adopted quantitative targets to guide monetary policy.  Specifically, it'll keep rates "exceptionally low" as long as unemployment stays above 6.5% and inflation stays at 2.5% or lower.

They also announced that they would boost their existing quantitative easing program with $45 billion worth of monthly Treasury purchases, an effort to keep interest rates low.

Meanwhile, the dollar is down....

Read more: http://www.businessinsider.com/stock-market-update-december-12-2012-12#ixzz2ErYeDPYD