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MARKETS LIVE: Key things to watch out for before the opening bell

December 14
09:17 2017
As widely expected, the Fed raised rates for the third time this year on Wednesday while sticking to its projection for three rate increases next year.

But the policy tightening was accompanied by concerns about low inflation, toning down expectations for policy tightening in 2018. The Fed projected inflation to remain shy of its goal for another year, giving policymakers little reason to accelerate the expected pace of rate increases.

The move, coming at the final policy meeting of 2017 and on the heels of a flurry of relatively bullish economic data, represented a victory for a central bank that has vowed to continue a gradual tightening of monetary policy.

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