Key events17 Sept 2025Closing summary17 Sept 2025Wall Street opens flat ahead of widely anticipated Fed rate cut17 Sept 2025Ofwat sets 'fit and proper' tests for water company directors17 Sept 2025Temu’s UK operation doubles revenues and pre-tax profits17 Sept 2025Bold and ‘brat’: M&S bets on womenswear to revive autumn fortunes17 Sept 2025Manchester United hit £666.5m record revenue but lose £33m amid turmoil17 Sept 2025Bank of Canada cuts interest rates by quarter point17 Sept 2025UK university research offers 'huge economic potential' – study17 Sept 2025UK is going to be ‘AI superpower’, says Nvidia boss as he invests £500m17 Sept 2025Labour must rethink growth strategy to curb rise of far right, says top economist17 Sept 2025Morrisons reports slowing sales17 Sept 2025US housing starts fall, suggesting market is cooling17 Sept 2025Eurozone inflation confirmed at 2% in August17 Sept 2025Growth in UK house prices and rents slows in July17 Sept 2025Barratt Redrow warns of 'tough market' with limited growth in 202617 Sept 2025Trump’s tariffs have hurt tea exports to the US, says Fortnum & Mason boss17 Sept 2025Aldi reveals new store locations17 Sept 2025Plan to slash US steel tariffs shelved hours before Donald Trump’s UK visit17 Sept 2025New headache for Rachel Reeves as OBR expected to lower productivity forecast17 Sept 2025GSK to invest $30bn in US; reaffirms commitment to UK17 Sept 2025Ben & Jerry’s co-founder Jerry Greenfield quits accusing Unilever of silencing social mission17 Sept 2025'Sticky UK inflation leaves November rate cut hanging in the balance' – ING17 Sept 2025Food prices rise at fastest rate since January 202417 Sept 2025Introduction: UK inflation stayed at 3.8% in JulyShow key events onlyPlease turn on JavaScript to use this featureClosing summaryOur main story today:UK inflation held steady in August, official figures show, maintaining pressure on households as the Bank of England prepares to keep borrowing costs at elevated levels.Figures from the Office for National Statistics (ONS) show the annual rate of inflation as measured by the consumer prices index remained at 3.8% last month, the same level as July and matching the forecasts of City economists.Financial markets are widely predicting that Bank policymakers will keep interest rates on hold at 4% on Thursday amid signs of sustained inflationary pressures at almost twice its official 2% target rate.The Bank of Canada cut interest rates by a quarter point today, and the US Federal Reserve is expected to make a similar move tonight.With this, we are signing off. Good-bye! We’ll be back tomorrow.Wall Street opens flat ahead of widely anticipated Fed rate cutWall Street has opened flat ahead of the US Federal Reserve’s interest rate decision tonight.The FTSE 100 index in London has gained 20 points, or 0.2%, to 9,215 and the Dax in Frankfurt is also 0.2% ahead, while the CAC in Paris has fallen by 0.25% and the FTSE MiB in Milan has lost 1.3%.The Fed is widely expected to cut rates for the first time this year, by a quarter point.Victoria Scholar, head of investment at interactive investor said: