GLOBAL MARKETS-Stocks cut losses, dollar drops after Fed statement ...Middle East

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GLOBAL MARKETS-Stocks cut losses, dollar drops after Fed statement
source : Devdiscourse ( Middle East ) () 30
A gauge of global stocks cut losses on Wednesday and benchmark U.S. Treasury yields largely held gains after the Federal Reserve repeated its pledge to keep its target interest rate near zero for years to come. The U.S. dollar also weakened after the highly anticipated statement from the U.S. central bank, which projected a rapid jump in U.S. economic growth and inflation this year as the COVID-19 crisis winds down.

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