By  on January 28, 2010

Retail stocks climbed 0.6 percent Wednesday as the Federal Reserve reaffirmed its intention to keep short-term interest rates near zero for “an extended period.”

The Federal Open Market Committee, led by Fed chairman Ben Bernanke, said it appeared “economic activity has continued to strengthen and that the deterioration in the labor market is abating.” Unemployment, however, continues to reside at 10 percent.

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