Asia stocks dip, dollar well bid on Fed's optimistic tone

Federal Reserve ended its quantitative easing program as expected, but laced its economic assessment with a tinge of optimism. In a statement after a two-day meeting on Wednesday, the Fed ended its quantitative easing program of bond purchases. The Fed did retain its basic guidance that overnight borrowing costs would remain near zero for a "considerable time." "The Fed was widely expected to end quantitative easing (QE) but barely anyone anticipated such a significant upgrade to their labor market assessment," Kathy Lien, managing director at BK Asset Management in New York, said in a note to clients.

via Business News http://ift.tt/1q0u61g