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Evening Standard
Evening Standard
Business
Michael Hunter,Simon Hunt and Graeme Evans

FTSE 100 Live 12 June: Index up 1% as US inflation declines, Fed holds

The US interest rate outlook is today’s major focus amid a stronger session for European markets.

A double bill from the world’s biggest economy features May’s inflation reading and the latest Federal Reserve policy decision. Inflation in the world’s largest economy declined, with core inflation coming in lower than expected, but it’s unlikely to change the Fed’s decision today.

The FTSE 100 has rallied after yesterday’s 1% slide, but with Legal & General lower on the back of a strategy update.

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