Fed hike raises recession fears, global stocks slide
Friday, December 21, 2018, 8:36 AM
World equity markets continued a weeklong slide amid investor concerns after the US Federal Reserve indicated it was set on its interest rate-hiking path next-year even amid signs global economic growth is stuttering. European shares fell 0.9%, with benchmark indexes in Germany, Britain and France all hitting their lowest since late 2016. The dollar index fell 0.55%, with the euro up 0.54% to $1.1436.