GLOBAL MARKETS-Shares gain, dollar firm as Fed sticks to agenda of near-zero rates

Equity markets rose and the dollar firmed on Wednesday after the Federal Reserve kept interest rates near zero, as expected, and said it would continue its bond-buying program to stimulate the U.S. economy as part of a dovish policy stance. Longer-term U.S. Treasury yields rose and gold prices edged higher after the Fed promised to keep rates on hold until inflation is on track to “moderately exceed” the U.S. central bank’s 2% inflation target “for some time.” “Nobody thinks there’s going to be any kind of inflation at all and the guidance is more dovish and in line with what the market expected,” Davis said, adding that she believes there is a danger inflation could exceed expectations.

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