24 Hrs
Source:
The Guardian
FTSE 100 Drops After Fed Holds Rates
The article reports that London’s FTSE 100 is expected to decline by about 0.6% following the US Federal Reserve’s decision to hold interest rates steady, amid rising inflation concerns linked to US-Israeli tensions and soaring oil prices. Market volatility increased after bond yields rose, reflecting investor doubts about inflation control, with US equities showing significant drops, impacted by a decline in chip stocks. The day also features notable UK and European economic data releases and a Bank of England interest rate decision.
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