The markets have been retreating since October.
There is no reason to have raised another 25 basis points other than to screw over Our Beloved President. Lot of real estate and home buyers are going to get screwed by this latest hike as the tax cuts had their biggest impact already and the economy is not as robust as earlier in the year. The world economy is heading south these days and the EU is dying. Time will tell, but President Trump's decision to ditch Syria was a counter to the Deep State. It's getting ready to blow!!