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Evening Standard

Business

Eve Castanedo

Stocks rise as Fed chairman fuels US rate-hike bets

Kevin Warsh US Federal Reserve United States Inflation London FT John Healey Kathleen Brooks Samuel Tombs Babcock International

The FTSE 100 index closed up 31.72 points, 0.3%, at 10,824.26 (John Walton/PA) - (PA Archive)

Stock prices in London closed higher on Friday, joining a broader rally across European and US equities, while Federal Reserve chairman Kevin Warsh’s inflation warning boosted expectations for higher US interest rates.

The FTSE 100 index closed up 31.72 points, 0.3%, at 10,824.26.

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