Asian markets rally on Fed growth, rate outlook

Hong Kong (AFP) March 18, 2021

Equities rallied in Asia on Thursday 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