That means the OECD is expecting eurozone growth this year to match the USA rate, which it left unchanged.
The Fed's possible move to roll stimulus back further has not stemmed the greenback's weakness this year as other major central banks are considering steps either to slow their bond purchases or raise interest rates.
The Bank of Japan was also in focus after it announced Thursday it would keep monetary policy unchanged. Investors have been trying to figure out what may happen to the European Central Bank money-printing program, with policymakers disagreeing on whether to set a definitive end date. The Nikkei jumped 2% to end at 20,299.38, the highest closing level since August 2015. MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.25 percent.
Tokyo's benchmark Nikkei index today climbed almost 2% to close at its highest level in more than two years, rising past the psychologically important 20,000 mark.
Concerns over North Korea may have contributed to the bearish sentiment, said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. He noted that could prompt Australia's central bank to take the same view, considering the country's high levels of household debt. MSCI's index of world stocks was up 0.3 percent and touched an all-time high.
The S&P 500 advanced 0.1% to 2506.65, a new all-time high, while the Dow Jones Industrial Average rose 39.45 points, or 0.2%, to 22,370.80, also a record. The Shanghai Composite slid 0.08% and the Shenzhen Composite inched lower by 0.04%. It was the first S&P downgrade of China's credit rating since 1999.
"They don't want inflation expectations to fall below 2 percent or rise too far above 2 percent because then it becomes very hard to manage", he said in an interview with "Closing Bell".
Gold prices are solidly lower and have hit a three-week low following the hawkish Fed meeting this week and the "risk-on" trader and investor attitudes at present.
OIL: Benchmark U.S. crude rose 1.1 percent to $50 a barrel on the New York Mercantile Exchange while Brent crude, used to price worldwide oils, advanced by the same rate to $55.77 per barrel in London.