The Bank of Canada is reviewing the extraordinary actions it took during the pandemic to stimulate the economy, in an effort to be better prepared for a future crisis, a top executive said on Thursday.
The U.S. currency rebounded after Fed officials on Wednesday unexpectedly forecast only one interest rate cut this year and pushed out the start of rate cuts to perhaps as late as December.
Oil prices dipped slightly on Thursday in up-and-down trade, pressured by rising U.S. crude and fuel supplies and expectations of slow Federal Reserve rate cuts but supported by U.S. economic data showing an easing labor market and slowing inflation.
Bitcoin price slipped on Thursday in a volatile session as a forecast from the Federal Reserve of high for longer interest rates largely overshadowed some signs of cooling near-term inflation.
The best performers of the session on the Investing.com United Kingdom 100 were Halma PLC (LON:HLMA), which rose 13.36% or 314.00 points to trade at 2,664.00 at the close. Meanwhile, BT Group PLC (LON:BT) added 4.33% or 5.60 points to end at 135.00 and Severn Trent PLC (LON:SVT) was up 4.18% or 101.00 points to 2,520.00 in late trade.
