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Hawkish Fed brings sellers out

STI suffers largest fall in about three weeks, dropping 23.29 points to 2,930.77

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THE US Federal Reserve lived up to expectations with a 25 basis points interest rate hike on Wednesday but the surprise came in its "dot plot'' which suggested three rate hikes in 2017 instead of the two that the market had expected. As a result, Wall Street fell sharply and on Thursday, the...

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