Shares rally and pound jumps after divided Fed leaves US interest rates on hold – business live

Discussion in 'Market News' started by Lily, Sep 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Stock markets in Europe and Asia welcome Federal Reserve’s decision not to hike last night

    9.10am BST

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    World stock markets are enjoying a little rally today, after the US Federal Reserve left interest rates on hold -- but signalled that a hike is really quite close. Honest.

    Related: Fed chair Yellen rejects Trump criticism after leaving US interest rates on hold – as it happened

    “The economy has a little more room to run than might have previously been thought. That is good news.”

    Despite there being enough to suggest a rate hike in November or, even more likely, December, the markets were buoyed by the simple fact that the Federal Reserve opted for inaction yesterday evening.

    Wall Street closes higher after the Fed leaves interest rates on hold

    M40 closed overnight as crane 'explodes'

    Continue reading...

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