The Fed hiked the Fed funds rate by 25 basis points at its last meeting 2018, but softened its tone going into next year. Stocks, which started the day near the 2018 low, softened on the news.
Hawkish Now, Dovish Later: Fed Hikes, But Lowers Projected 2019 Rate Projections
Forbes - 19 Dec 2018 22:56
The Fed hiked the Fed funds rate by 25 basis points at its last meeting 2018, but softened its tone going into next year. Stocks, which started the day near the 2018 low, softened on the news.
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