GLOBAL MARKETS:  This morning was all about the US Federal Reserve and it duly delivered. The big change was a shift in the Fed’s communication strategy for it’s zero-interest rate policy, which is now dependent on the US unemployment rate falling below 6.5% (while inflation remains below 2.5%); from the Fed’s earlier mid-2015 forward guidance. The Fed also announced it would …

Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world’s largest economy. “The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,” according to a Fed statement following a two-day meeting of policy makers. “Furthermore, …

Wall Street advanced after Federal Reserve policy makers said they are extending and expanding their efforts to stimulate growth in the world’s largest economy. “The Committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labour market conditions,” according to a Fed statement following a two-day meeting of policy makers. …