LATEST STOCK MARKET NEWS

The US Federal Reserve Bank yesterday lifted interest rates for the fourth time this year, but Chairman Jerome Powell suggested the pace of increase could slow down significantly in 2019. “The Committee judges that risks to the economic outlook are roughly balanced but will continue to monitor global economic and financial developments and assess their implications for the economic outlook.” In other terms, it means that the Fed will embrace a wait-and-see approach next year. The Fed is now expecting two rate hikes next year, compared to three suggested in September.

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