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Fed increased its key interest rate by 25 basis points for the third time in expected lines. Federal committee also said that they will gradually start shrinking its $4.5 trillion balance sheet. Fed stated that job market in US has shown a moderate gain. Fed chairman Janet Yellen said inflation to reach the 2% target next year, and the economy is expected to grow at the same pace of around 2% for the next three years.
In International market, S&P 500 is trading at 2428, the Index is trading in a narrow range of 30 points from 2445 to 2415 in the last 15 trading sessions. German Index Dax yesterday closed 12830. The Index yesterday made a high of 12922. MSCI emerging market Index is trading at 1010 recently the Index made a high of 1023.
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