While the Fed was hawkish, the European Central Bank chief Christine Lagarde said the is in no hurry to raise rates.
The FTSE 100 was down 0.3% this morning, as progress in a cease-fire agreement between Russia and Ukraine seems to be stalling.
Among stocks, Ted Baker jumped 18.4%, as U.S. private equity firm Sycamore Partners is rumored to be close to submitting a cash offer for the fashion retailer.
J.D. Wetherspoon PLC said that its pretax loss narrowed for the first half of fiscal 2022, as revenues advanced.
Things to read today:
Joe Biden to warn Xi Jinping of US retaliation if China actively supports Russia (Financial Times)
How the U.S. and EU Cut Russia Off From the Global Economy (WSJ)