Nikkei to rebound after Fed vows to keep rates near zero

Newswire

TOKYO, Aug 10 (Reuters) - The Nikkei share average is set to rebound on Wednesday, snapping a four-day losing streak, after the Federal Reserve's pledge to keep rates near zero for another two years sparked a rally in U.S. stocks.

In its policy statement, the Fed said U.S. economic growth was proving considerably weaker than expected and said inflation would remain contained for the foreseeable future. It added that the unemployment rate, currently at 9.1 percent, would come down ...

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