Global markets were mixed overnight, with the US market moving higher as Financials lagged.
The big news this morning was the US Federal Reserve raised interest rates by a quarter of a percentage point to the 1.25%-1.5% range, as anticipated, and left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in US economic growth. Unchanged from September, the Fed projects three more hikes in each of 2018 and 2019 before a long-run level of 2.8% is reached.
Prior to the Fed announcement, the US dollar halted four days of gains after data showed US consumer inflation picked up in November, though the so-called core gauge - which excludes food and energy costs - unexpectedly slowed. Persistent low inflation has been the key area of concern for the Fed, and potentially challenges the Fed&#...
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