UK stocks edge lower as investors await Fed update | 17 March 2021
17 March 2021 | 08:25am StockMarketWire.com - UK stocks opened modestly lower on Wednesday as investors braced for a crucial announcement by the US Federal Reserve later in the day about the direction of monetary policy. At 0818, the benchmark FTSE 100 index was down 8.24 points, or 0.1%, at 6,794.24. Any sign that the Fed might ease off on its dovish stance on interest rates would indicate the US economy was on the mend, but could spook markets grown accustomed to an abundance of cheap credit. Wealth management company Hargreaves Lansdown climbed 2.6% to £15.89, having upgraded its profit o...