Britain's housing market continued to lose momentum data showed too, with mortgage approvals at their weakest in nearly three years following the Bank of England's first interest rate hike in a decade. (fortune.com)
A year ago, Fortune made some predictions about how the stock market, the lending market, and the world in general would change following that year's hike, Janet Yellen & Co.'s first interest rate increase in nine years. (fortune.com)
The broader S&P 500 also retreated to trade slightly lower ahead of the Federal Open Market Committee's first interest rate announcement since the new administration took office. (cnbc.com)