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Among the companies with reports and trading updates today are Shell, Standard Chartered, Melrose Industries and Apple. Read the Business Live blog from Thursday, May 2 below.
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Overnight, the US Federal Reserve kept interest rates stable and indicated that it is still leaning towards an eventual reduction in borrowing costs, but raised a red flag on the recent disappointing inflation figures, meaning that these interest rate cuts will take some time to come. could make you wait.
Fed Chairman Jerome Powell said that after starting 2024 with three months of faster-than-expected price increases, it will take “longer than previously expected” for policymakers to gain confidence that inflation will resume the decline toward 2 percent that had them there. had cheered through. much of last year.
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