FTSE 100 LIVE: London muted and Europe rises as Federal Reserve chair Powell hints at US rate cuts

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The FTSE 100 (^FTSE) underperformed against its European peers early on Wednesday as traders digested signals from Federal Reserve chairman Jerome Powell that more interest rate cuts were on the way.

Powell left the door open to further rate cuts on Tuesday and said the end of the central bank’s long-running effort to shrink the size of its holdings may be coming into view.

He told the National Association for Business Economics annual meeting: “You’re at a place where further declines in job openings might very well show up in unemployment.

By LaToya Harding

Full story at Yahoo News