Stock Market: Oil Prices and Fomc Meeting

stock market: Some analysts cautioned that the risk may grow if the Fed takes a more aggressive stance on inflation and future hikes, according to Global Times China. In December 2015, the Fed raised rates for the first time in nearly a decade, and it later signaled four more hikes would come in 2016. The meeting will be closely watched by global investors as the Fed is expected to announce an interest rate hike after the FOMC meeting, which would be the central bank first such move in a year and second in nearly a decade. But the outlook quickly changed as the economy did not pick up speed, oil prices fell further and the stock market plunged at the start of 2016. Global Times (news.financializer.com). As reported in the news.