Although the US Federal Reserve kept interest rates on hold in November, their comments implied that they remain on track to raise rates by a quarter point in December, as markets are predicting. The Fed seemed undeterred by recent market volatility as it put across a hawkish message, explaining that the current market environment is ideal to continue gradually raising interest rates. The US dollar, which had fallen slightly after the Democrat victory over the House of Representatives on Wednesday, regained some ground, while US and Asian equities fell.
PREV ARTICLE
US Mid-Term sees divided Congress
US Mid-Term sees divided Congress
NEXT ARTICLE
UK secures tentative exit deal
UK secures tentative exit deal