Market sentiment remained firm as the Fed delivered a more optimistic economic outlook but maintain that further easing is still possible should the environment warrant. Wall Street climbed with the DJIA and the S&P 500 indices gaining +0.69% and +1.36% respectively. Crude oil also firmed despite a bigger-than-expected increase in US crude inventory. This was probably offset by the declines in gasoline and distillate stockpiles.
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Sentiment Improves Further as Fed Does Not Rule Out Further Easing
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