World Market News of the 20 March with FXOpen #ukinflation #bitcoinprice #btcprice
UK Inflation Slides to 3.4%, Below Expectations
The Office for National Statistics said the largest downward contributions came from food, restaurants and cafes, while the largest upward pressure came from housing and fuel.
“Following a torrid couple of years for U.K. households, this morning’s inflation print is yet further evidence that the outlook for consumers is brightening,” Zara Nokes, global market analyst at JPMorgan Asset Management, said in an email Wednesday.
Source: CNBC
European Stocks Set for Lower Open ahead of Fed Rate Decision
European markets are heading for a lower open Wednesday as investors await the latest monetary policy decision from the U.S. Federal Reserve.
The central bank is expected to keep rates unchanged as it concludes its two-day policy meeting. However, a recent slate of worrying inflation reports has investors concerned that the central bank could signal interest rates will remain higher for longer than expected.
Source: CNBC
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