After holding rates at near zero levels for seven years, the Fed hiked rates by 25 basis points in the middle of December
December was all about the US Federal Reserve’s rate hike decision. After holding rates at near zero levels for seven years, the Fed hiked rates by 25 basis points in the middle of December. (One basis point is one-hundredth of a percentage point.) However, markets in the US ended the month in the negative as the rate cut was already factored. The Dow Jones index lost 2.6% and the S&P 500 fell by 2.8% last month. Volatile oil prices and an unexpected increase in jobless claims made matters worse. On the whole, 2015 was not a good year. Experts believe that the crash in oil prices, slowdown in China, and the rate hike speculation, had a negative impact on US stocks.
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