US stockmarkets fall to one-year lows despite Fed rate hike
September 2017 lows
US stock markets fall to one-year lows despite Fed rate hike
The Federal Reserve raised interest rates for the fourth time this year but lowered its projections for future hikes next year.
As markets had anticipated, the Federal Open Market Committee (FOMC) increased the funds rate to between 2.25% and 2.5%, however it lowered its expectations from three rate rises in 2019 to two. Despite...
