17 Dec 18 - Week Ahead – Fed Decision | Johnson & Johnson Global markets were lower on Friday, as Wall Street's three major indexes tumbled as weak economic data from China and Europe added to the mounting number of investor concerns. All three major US market indexes closed in correction territory (down at least 10% from a recent high) for the first time since March 2016.  For the week ahead, all eyes will be on the US Federal Reserve, which is set to make its final interest rate decision for the year. As we have discussed, major central banks around the world are removing stimulus from markets, and it will be interesting to see how markets trade without central bank support. The US Fed is raising interest rates, and sharply higher interest rates would be a negative for stock markets around the globe. As such, all year long we have been watching for signals around the pace of rate hikes closely. We expect the Fed to hike rates despite the recent vol...