Equities rallied in Asia yesterday after the Federal Reserve ramped up its outlook for the US economy but reiterated its pledge to maintain its ultra-loose market-friendly monetary policies for as long as needed. With growth already expected to burst higher this year, huge stimulus spending kicking in and vaccines being rolled out, investors have in recent weeks grown worried about a surge in inflation that could force the central bank to reconsider its dovish stance. But the Fed’s decision after its latest board meeting was music to the ears of traders. Policymakers forecast the world’s top economy to expand 6.5% this year, two percentage points above its earlier projection, thanks to tril
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