The Federal Reserve has upped key US interest rates by a quarter of a percentage point to a range between 5% and 5.25%., in a move that comes alongside hopes that tonight’s quarter point increase will be the last in the current cycle.
However, jobs data from ADP and service sector inflation statistics from S&P suggest the US economy is still running hot.
Closer to home, the FTSE 100 index today regained some lost ground during a busy session for blue-chip updates, but remains well below where it started the week.
Alongside the latest developments at Lloyds Banking Group, Flutter Entertainment and Barratt Developments, markets have reacted to the FCA’s decision last night to reform listing rules in order to make it easier for companies to list in London.
