US Stocks Dive Again, Worst December Since Great Depression Projected Stocks plummeted once again on Monday, driven largely by fears the Federal Reserve is planning to raise interest rates later this week. At this rate, the Dow Jones and S&P 500 are n track for their worst December since the Great Depression in 1931. On Monday, US President Donald Trump urged the Fed, which functions as the United States' central bank, not to raise interest rates for a fourth time this year. Fear of such a hike has been a driving force behind the market's volatile behavior in the last few months. "It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!" Trump Tweeted Monday. It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory! — Donald J. Trump (@realDonaldTrump) December 17, 2018 ​Despite this, financial exchange company CME, which own the Dow Jones stock and financial indices, gives it nearly an 80 percent chance that the Fed will raise interest rates a quarter point following its Wednesday meeting, to somewhere between 2.25 and 2.5 percent — their highest levels in a decade, since the 2008 financial crisis. MORE INFORMATION TO FOLLOW…

Sputnik