So, the Fed decided to hold off on pulling the trigger tonight. However, a rate rise is not expected to happen until next year in the wake of a global stock market sell-off triggered by economic turmoil in China.

The US central bank held fire on its first rates rise in more than nine years as it admitted that “uncertainties abroad” had made it more risky to tighten policy.

A slump in equities over the past month, sparked by fears over the strength of China’s economy, “may restrain economic activity”, it warned. The Fed’s policymakers said that this could put “downward pressure on inflation in the near term”.

Here's a wrap of today's events. Enjoy the evening.