Key takeaways from Federal Reserve's December policy meet

The US Federal Reserve, in a widely expected move, raised interest rates by 25 basis points (bps) to a range of 1.25-1.50% in its December monetary policy meeting that concluded on Wednesday. 

The Fed maintained accommodative stance and raised its growth forecast for 2018, but flagged concerns about inflation, tempering expectations for future tightening.

This was the third rate hike this year with the Fed sticking to its projection for three rate increases next year, while keeping a close look at inflation data.

"Federal Reserve officials did just what the street expected; they chose to increase interest-rates and raised their