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UK stocks face losses as investors weigh Fed’s next move

Traders are getting their first chance to react to the US central bank's statement that inflation has moved closer to its target

UK stocks face losses as investors weigh Fed’s next move

UK stocks ebbed lower Thursday, following a five-session winning streak for the blue-chip market, with the focus on the US Federal Reserve decision and its flagging of stronger inflation, MarketWatchreports.

How markets are moving
The UK’s FTSE 100 index was off 0.1% lower at 7,539.52, led by the consumer goods and telecoms groups. But the oil and gas and utility groups were among those moving higher. On Wednesday, the index rose 0.3% to finish at 7,543.20. That marked a fifth straight winning session.

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