Looking forward, downside risks remain, and there is clearly no bar on further easing,

No more easing [is] needed here.

[This is] a significant downside shock, and perhaps a sign falling consumer sentiment is rattling companies, ... A further drop next month will see the [Federal Reserve] easing again.

Another 25 basis point palliative ease in August seems a good bet. But the big easing story is over.

Still, this is a hugely encouraging report, pointing clearly to a vigorous recovery.

This increase reflects the upturn in the markets in recent weeks; any further gain in the near-term requires a further firming of stocks,