European stocks steady ahead of US Fed rate decision; Bank of Japan raises rates after 17 years.
European stocks opened steady ahead of the US Federal Reserve's interest rate decision. London's FTSE 100 was flat, while Paris' CAC 40 and Frankfurt's DAX saw minor changes. The Bank of Japan raised interest rates after 17 years, shifting away from its ultra-loose monetary policy. The Federal Reserve is expected to keep its lending rate unchanged, as it targets a 2% inflation rate.
March 19, 2024
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