DALLAS (BP) -- Financial markets continued to retreat in the wake of the Federal Reserve's decision to raise the Fed Funds rate by 0.25 percent, to a range of 2.25 and 2.5 percent.
The move by the Fed was expected. It was the fourth rate hike of 2018 and the ninth since December 2015.
"The Fed has a dual mandate," said David S. Spika, chief strategic investment officer for GuideStone Financial Resources: "price stability as determined by the Core Consumer Price Index and full employment. In light of this dual mandate, the current economic conditions ... Read More