Post-Fed Relief Rally as Oil and Yields Ease
Wall Street surged to fresh records on Thursday as the Fed held rates steady and signalled patience, with the S&P 500 jumping 1.6% and the Dow clearing 51,700 for the first time. Oil markets rallied above US$104 on renewed Iran sanctions fears while bond yields climbed after the Fed flagged persistent inflation risks. The ASX is set to open higher, with SPI futures pointing to a 54-point gain as investors digest the Fed’s hawkish hold.