Australian share market advanced on Thursday, 17 March 2016, as FOMC pared outlook for rate hike this year and Australia's unemployment rate fell to 5.8%. The US Federal Reserve scaled back expectations for future rate rises this year, citing turbulence on global finance markets. At the close, the benchmark S&P/ASX200 index advanced 49.20 points, or 0.96%, at 5168.20, while the broader All Ordinaries index grew 50.70 points, or 0.98%, to 5226.40.
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