WASHINGTON - Global stocks have swooned in December amid a swirl of controversial statements from President Donald Trump and growing unease over the global economy. As expected, the Fed went ahead and raised interest rates last week, offering only subtle concessions to investors' worries over slowing global growth. -The Fed itself is also a source of unease, having repeatedly raised interest rates over the last three years. - Global slowdown -The travails over the Fed come as the global economy shows signs of sluggishness. With the US now showing signs of sluggishness, investors fear they could be spillover effects on the broader global economy.

Source: Bangkok Post December 26, 2018 17:37 UTC