Shares are under pressure again after the US Federal Reserve put investors on standby for a series of interest rate rises starting in March.
No options appear to be off the table after last night’s Fed meeting focused on efforts to bring US inflation back from its 40-year high of 7%.
Wall Street was hit by selling pressure after the meeting but the FTSE 100 index held on to yesterday’s big gains thanks to progress by banking and defensive leaning stocks. Oil prices, meanwhile, continue to trade near a seven-year high of almost $90 a barrel.
