Federal Reserve leaves interest rates on hold, but March rise looks likely – as it happened
by Graeme Wearden from on (#5VE09)
Rolling coverage of the latest economic and financial news
- Full story: US Federal Reserve indicates increase in interest rates as inflation rises
- US Federal Reserve leaves interest rates on hold
- Powell: of a mind' to hike in March
- Powell: quite a bit of room to raise rates
Earlier:
- Oil hits seven-year high as Brent crude touches $90
- FTSE 100 closes 1.3% higher
- Bank of Canada leaves rates on hold
- Let the wild rumpus start: is the US facing a stock market super-bubble'?
Travel stocks are flying higher today.
British Airways parent company IAG is now up 5.6%, while holiday operator TUI (+5.5%) is leading the risers on the FTSE 250 index of mid-sized companies.
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