'Dovish' Fed statement boosts overnight markets with FTSE set to follow

The FT said the FTSE 100 is expected to rise 35 points after a record close for the S&P 500 and a strong showing in Asian markets. The paper said the Fed’s monetary policy statement pleased both equity and bondholders in the US. As expected the Fed cutf its monthly asset buying programme by an additional $10bn to $35bn. It also released a broadly upbeat statement on the country’s economy. The BBC reports that while the Fed had cut overall growth forecasts for 2014 because of a harsh winter accompanying statements said that economic activity had “rebounded in recent months”. It...