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World Markets Walloped By Fed

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Global stocks drop sharply after Fed raises rates and says monetary policy tightening will continue in 2019. Investors had been hoping that the Fed and Chairman Jerome Powell would be explicitly dovish in his communications, but were left disappointed by the central bank's tone. It was a sea of red: US stocks dropped on Wednesday, with Asia and Europe following suit on Thursday. All major European indexes are lower by around 1.5% in the first hour of the day. The Euro Stoxx 50 reached a 2016 low.

Added on the 20/12/2018 08:02:14 - Copyright : Wochit

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