By This Is Money

Updated: 07:58 BST, 2 May 2024

Among the companies with reports and trading updates today are Shell, Standard Chartered, Melrose Industries and Apple. Read the Thursday 2 May Business Live blog below. 

> If you are using our app or a third-party site click here to read Business Live. 

Fed Reserve maintains interest rates

Overnight, the US Federal Reserve held interest rates steady and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.

Fed Chair Jerome Powell said that after starting 2024 with three months of faster-than-expected price increases, it ‘will take longer than previously expected’ for policymakers to become comfortable that inflation will resume the decline towards 2 per cent that had cheered them through much of last year.

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BUSINESS LIVE: Shell beats forecasts; Fed holds interest rates; Standard Chartered buoyed by higher interest rates



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Read more at DailyMail.co.uk