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Published on Thursday, December 20, 2018 | Updated on Thursday, December 20, 2018

Market Comment | Risk assets extend declines after FOMC meeting

As expected, yesterday the FOMC raised its benchmark interest rate by 25 bps for the fourth time this year. The assessment of growth, labour markets and inflation remained effectively unchanged. Moreover, the FOMC reaffirmed that, based on current and expected economic conditions, additional hikes are warranted, although the tone was adjusted