US interest rates will stay low

Federal Reserve governor Ben Bernanke yesterday reiterated the US central bank’s commitment to low interest rates going well into the future, “as long as price stability is preserved.” Previously markets have been boosted by similar promises, but this time the market response was muted. “[The] market [is] not popping like it used to on dovish comments,” said Themis co-founder Joe Saluzzi. “That stimulus heroin doesn’t work that well anymore.”