The Federal Reserve'​s latest FOMC Statement says, "​To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens. In particular, the Committee also decided today to keep the target range for the federal funds rate at 0 to 1/​4 percent and currently anticipates that exceptionally low levels for the federal funds rate are likely to be warranted at least through mid-​2015." In other news, Federated Investors will announce earnings after the market closes Thursday. The release says, "A conference call for investors and analysts will be held at 9 a.​m. Eastern on Friday, Oct. 26, 2012. President and Chief Executive Officer J. Christopher Donahue and Chief Financial Officer Thomas R. Donahue will host the call. Investors interested in listening to the teleconference should dial 877-​407-​0782 (​domestic) or 201-​689-​8567 (​international) or visit FederatedInvestors.​com for real time Internet access."

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