Asian shares are surging after the U.S. Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. Benchmarks rose Thursday afternoon in Tokyo, Sydney, Seoul and Hong Kong, while declining slightly in Shanghai. Oil prices rose. U.S. stocks rallied Wednesday, with the S&P 500 rising 1.1% and the Dow gaining 221 points. Treasury yields eased after the Fed announced its decision to hold interest rates steady, as expected. The Fed hinted a swift rise since the summer in Treasury yields, and the resulting tumble in stock prices, may be slowing inflation.
