What the Fed’s Decision Means for UK Markets
Higher for longer might apply to London-listed stocks too, with any luck.
Jerome Powell, chairman of the US Federal Reserve.
Photographer: Al Drago/BloombergWelcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Last night, the most important central bank in the world – the Federal Reserve – made its latest decision on interest rates.