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Update news U.S. Fed
Asian shares surged on Thursday, taking their cue from Wall Street, after the Federal Reserve left U.S. interest rates unchanged and slowed the pace of future hikes, slugging the dollar and lifting commodity prices.
The U.S. Federal Reserve announced on Wednesday that it will not pause the bond buying program, as there is sufficient underlying strength in the broader economy for it to keep taper on course.
There are no broad asset bubbles that should trigger monetary policy change, but the American central bank must guard against the risks to financial stability more actively,
The U.S. Federal Reserve announced on Wednesday that it would keep its monthly pace of bond purchases unchanged for now to stimulate the economy.
U.S. Federal Reserve vice chair Janet Yellen on Thursday signaled that the central bank's monetary easing policies will continue until the U.S. economy substantially improves.