Global markets rallied broadly this morning after the U.S. Federal Reserve kept interest rates on hold yesterday and Fed chairman Jerome Powell made it clear he would pursue monetary policy, and fight inflation,

By Yoruk Bahceli LONDON (Reuters) -World stocks held on to most of their recent gains on Wednesday and oil prices rose on news of a forthcoming meeting between top U.S. and Chinese trade officials. But the dollar was down for a fourth session and European stocks dropped as caution prevailed about prospects for any tariff deal ahead of a Federal Reserve decision on rates.