• Fed kept rates unchanged and reaffirmed its 2024 three rate cuts projection, 2025 and 2026 FFR forecast raised.
• Powell noted that January/February CPI and PCE data was quite high, but there are reasons to believe there were seasonal factors at play.
• APAC stocks were mostly underpinned after the fresh record levels on Wall St post-"dovish" FOMC.
• European equity futures indicate a higher open with the Euro Stoxx 50 future +1.2% after the cash market closed down 0.2% on Wednesday.
• DXY was soft post-FOMC, AUD boosted by strong jobs data, USD/JPY is back below 151, GBP eyes BoE.
• Looking ahead, highlights include French, German, EZ, UK & US PMIs, US IJC, Japanese CPI, BoE, SNB, Norges & CBRT Policy Announcements, Comments from Norges Bank Bache, SNB's Jordan & Fed's Barr, Supply from Spain, France & US.

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