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Valartis Group AG (0RPP.L)

LSE - LSE Delayed price. Currency in CHF
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11.15+0.05 (+0.45%)
At close: 06:02PM GMT
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  • Reuters

    UPDATE 1-Fed seen keeping rates on hold well into next year

    Cooling inflation will likely keep the Federal Reserve on pause in coming months, traders bet on Friday, even as persistent underlying price pressures amid strong consumer spending kept some chance of a rate hike later this year in play. The personal consumption expenditures price index, which is the Fed's preferred inflation gauge, rose 3.4% in September from a year earlier, a Commerce Department's Bureau of Economic Analysis report showed on Friday, and the core PCE price index, which the Fed takes a signal for future price pressures, rose 3.7%. Consumer spending rose 0.7% in September from August, more than economists expected.