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Thursday, December 20, 2018

US Fed raised interest rate for the last time in 2018.

https://finance.yahoo.com/news/federal-officials-forecast-two-rate-205719584.html

Although the US Fed raised the interest rate for the last time in 2018, it did reduce its interest rate projections in 2019.  Although the reduced projection is a mild positive, its monetary policy statement is not dovish enough to trigger any stock surge.  Instead, the stock markets plunge due to the disappointment in not pausing the interest rate hikes in 2019.

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