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Evening Standard
Evening Standard
Business
Michael Hunter,Daniel O'Boyle and Graeme Evans

FTSE 100 Live 1 May: US Fed notes ‘lack of further progress’ on inflation as it holds interest rates

GSK Haleon Next Sensodyne

The US Federal Reserve has held interest rates again, citing a ‘lack of further progress’ on inflation.

Upgraded profit guidance by GSK stood out today in a session featuring updates by Next, Smith & Nephew and Sensodyne business Haleon.

The quartet all signalled robust trading at the start of 2024, helping the FTSE 100 index to begin May in resilient fashion.

Traders are also looking ahead to tonight’s US Federal Reserve decision and whether September is still the most likely month for the first cut.

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