United States stocks, which had rallied broadly on Wednesday after the results of the congressional elections, turned lower as the Fed's statement offered no indication the central bank might slow the pace of its rate increases.
In December, traders will focus on fresh Fed forecasts that could signal a change to its growth outlook or to its consensus view that three rate hikes will likely be needed in 2019.
Labour market conditions are tightening with fewer available workers around to fill a large and increasing number of vacant positions.
On the upside, the committee noted that the unemployment rate "has declined" since the September meeting. Unemployment is at 3.7%, the lowest in 48 years, and wages are rising.
Policymakers, however, took particular note of the moderation in business investment.
Despite a US trade war with key nations, weaker corporate investment and a sluggish housing market, the Fed is showing confidence in the economy's resilience.
Michael Pearce, senior USA economist with Capital Economics, thinks that would be followed by two more rate hikes in the first half of 2019.
If Jerome Powell, the Fed's chairman, sounds calm about inflation, the markets will rally. That would push the short-term rate closer to 3%, which is where most officials expect rates to settle out when the economy is at its long-run equilibrium-a so-called neutral level.
This will be the last meeting without a formal press conference with Powell. Higher interest rates can make equities less attractive investments.
At 2:35PM ET, the Dow Jones Industrial Average fell 48.62 points, or 0.19 percent, to 26,131.68, the S&P 500 lost 13.12 points, or 0.47 percent, to 2,800.77 and the Nasdaq Composite dropped 51.31 points, or 0.68 percent, to 7,519.44.
"The latter would lead to a pause in the Fed's hiking cycle". The market pullback received no mention in the Fed's statement, unlike earlier downdrafts in 2015 and 2016. Officials are equally split over whether to raise rates two, three or four more times next year. The September projections indicated at least one more hike in 2020, which the market also does not see.
The hosts could have been 3-1 up inside the opening 16 minutes. "In that sense, I think that after the goal, they did better". Huddersfield had a good shout for a penalty rejected when Mathias "Zanka" Jorgensen was dragged down in the area.
It wouldn't surprise me if City win this 5-0, but this is Jose Mourinho , who always turns up in the big games. Ilkay Gundogan finished it off, but the move had taken 42 passes to construct, using every area of the pitch.
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There is no direct signup option for those who do not want Facebook to link their Facebook or Instagram to Lasso . In 2018, only half of the teens say they still use Facebook , compared to 4 years back.
And while some lamented the decision, the man responsible for the original iconic celebration gave it his stamp of approval. Horn played seven seasons in New Orleans, racking up record-setting franchise numbers at the time. "You gotta have fun".
Medics and Hamas officials said at least seven people were killed, four of them militants, including Hamas commander Mr Baraka. Tel Aviv says Israeli warplanes fired more than 20 missiles in Khan Yunis where the incident took place.
The Australian Broadcasting Corp. said police were searching two Melbourne properties on Saturday in relation to the attack. Khalif had planned to cause an explosion in Melbourne by igniting gas cylinders in his vehicle , police say.
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And now, the Wall Street Journal reports he played a key role in the hush payments involving Stormy Daniels and Karen McDougal . In August, Cohen told a federal judge in NY the payments were made at the direction of "the candidate", implying it was Mr.
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Aerosmith's Joe Perry Rushed To Hospital After Collapsing
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Could star-studded Duke beat the Cavaliers?
They didn't back down against a preseason Final Four favorite, and were very much in the game until the final 10 minutes. As for former Army player and current Duke legend Mike Krzyzewski , this game surely included some conflicted emotions.