Global markets fall nearly 1% on oil and Fed wait
Markets fell nearly 1 percent as crude prices rose and investors waited for the US Federal Reserve's rate decision. The Fed is widely expected to keep its rate range at 3.75 to 4.00 percent. Investors remain cautious until the decision is out.
ContextThe US Federal Reserve is the American central bank, and its rate decisions affect borrowing costs and stock markets worldwide. Markets often move cautiously before these meetings because traders try to predict the outcome.
Read at The Hindu: Business
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