| Tuesday, December 18, 2018 | |  |  |  | | | | | The Federal Reserve's Federal Open Market Committee (FOMC) begins its two-day policy meeting today, with a decision due Wednesday afternoon. The U.S. central bank is widely expected to announce its fourth and final rate hike of 2018, but more importantly, investors will be watching for signals on its plans for next year.
Meanwhile, U.S. stock futures pointed to a higher open, suggesting that Wall Street's three major indexes would bounce back from the rout a day earlier.
Elsewhere, oil prices plunged, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global stock markets. | | | | | Get the Investing.com App! Financial Markets on the Go | | | | | Follow us |  |  | | | | | |
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