Federal Reserve holds US rates at 2 per cent

The business news "Federal Reserve holds US rates at 2 per cent" .
Summerise:There was positive news for world economic,the price of America rises will eventually moderate,the price of crude oil continued to decline,Stock markets had rallied yesterday.

Note: FTSE 100 ;Dow Jones Industrial Average;the Federal Open Market Committee (FOMC);the mortgage giants Fannie Mae and Freddie Mac;the credit crisis

Vocabulary:sustainable economic growth ;price stability;send the economy into a dive;are betting on;eroding demand;investors reacted positively to ;bail-out;Tight credit conditions; the ongoing housing contraction; elevated energy prices ;weigh on economic growth ;

Last time I have read an article about England experienced tough economic time due to the credit crisis of America .Now the situation maybe improved.