UK Inflation Drops to 3.4% as FTSE 100 Blue-Chips Maintain Stability Before Fed Decision on 20th March
On 20th March, the FTSE 100 index witnessed a relatively stable performance as investors awaited the Federal Reserve's decision. Concurrently, the UK's inflation rate experienced a decline, dropping to 3.4%. This development in the inflation rate could potentially influence the Bank of England's monetary policy decisions in the near future. The FTSE 100, comprising the 100 most significant companies listed on the London Stock Exchange, has been observing a steady trend during this period. Investors are keeping a close eye on the Federal Reserve's call, as it could impact global financial markets. The Fed's decision might lead to changes in interest rates, which could subsequently affect investment strategies and stock market movements. Meanwhile, the UK's inflation rate has fallen to 3.4%, as reported by the Office for National Statistics. This decrease may be attributed to various factors, including changes in oil prices and the overall economic climate. Lower ...