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FTSE 100 closes lower with Fed meeting and inflation in focus | 17 March 2021

17 March 2021 | 16:37pm StockMarketWire.com - The FTSE 100 closed down 0.6% to 6,762.67 as bond market jitters returned ahead of a key meeting of the US Federal Reserve. By 4.30pm UK time the US S&P 500 index was itself down 0.4% to 3,945.39. 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. Fantasy miniatures group Games Workshop fell 7.3% to £94.35 after a brief update which confirmed a dividend payment to shareholders but said trading would be in line subject to notwithstanding store closures and distribution disruption .

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