FTSE 100 to fall from record high after Fed holds interest rates and Iran attacks; Rolls-Royce expects higher profits – business live

Live, rolling coverage of business, economics and financial markets as global stock markets drop after US central bank keeps interest rates steadyGood morning, and welcome to our live coverage of business, economics and financial markets.London’s FTSE 100 is set to fall when it opens after the US Federal Reserve held interest rates steady despite the increasing expectations of inflation, while Donald Trump’s renewed attacks on Iran promised to add fuel to the price rise fire.This rise in yields ended up weighing on equities after some big intra-day swings. The S&P 500 went from trading more than half a percent down pre-FOMC to higher on the day during Warsh’s press conference but then saw a sharp drop in the final hour of trading to close -1.52% lower. Equities were also weighed down by an