FTSE swings lower as rally dented by US inflation
by Henry Saker-Clark
Mar 14, 2024
2 minutes
The FTSE 100 took a step back on Thursday amid a sell-off after striking a nine-month high in the previous trading session.
The index was steady for large parts of the session but tipped downwards in the afternoon after disappointing inflation data in the US dampened hopes for interest rate cuts.
US producer price index (PPI) inflation was hotter than expected
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