FTSE 100 gains on US Fed’s new patient stance on rate hike

Investors have responded positively this morning to the US Federal Reserve's promise to take a cautious approach to raising interest rates.

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Janet Yellen is taking a 'patient' stance over interest rates

The FTSE 100 headed higher in early action, in line with advances across Europe as investors responded positively to the US Federal Reserve yesterdaypledging to take a patient stance with interest rate hikes.

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Kam Patel

Kam is a former deputy editor at Hemscott Invest and online editor, City A.M and he was also previously the Digital Editor at IFA Magazine. Kam is currently a senior journalist at The Global Treasurer and contributes to MoneyWeek. Kam shares expertise on the FTSE 100, investing and global stocks.