India, Sept. 17 -- The FTSE 100 is trading in positive territory on Thursday, September 17, with investors evaluating the interest rate decision made by the US Federal Reserve, as well as the upcoming monetary policy decision by the Bank of England. The FTSE 100 index was up by 0.51% at 10,742.81, while the FTSE 250 index increased by 0.42%. The FTSE 100 closed at 10,688.47 on September 16.

Fed Rate Hike Shapes Market Sentiment

The market sentiment has been affected by the rise in the interest rates of the US Federal Reserve by 25 basis points. This was not unexpected as this was the first rise in interest rates by the Fed in more than three years, pushing the target range for the federal funds rate to 3.75%-4%. From the Fed's statement...