US stocks tumble on Fed rate decision and outlook
FT News in Focus
English - December 20, 2018 05:00 - 8 minutes - 12.1 MB - ★★★★ - 133 ratingsNews Commentary News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Investors on Wall Street sent their sharpest response to an interest rate rise since 1994 after the Federal Reserve defied pressure from Donald Trump by boosting rates for the fourth time this year. The FT's senior investment commentator Mike Mackenzie explains the market reaction, as well as what we learned from the Fed's outlook for the US economy.
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