Australian shares set to fall on U.S. Fed decision; NZ down

Australian shares are set to open
slightly lower on Thursday after the U.S. Federal Reserve raised
interest rates and noted the need for “some” further gradual
rate hikes next year.
The Fed raised interest rates, as expected, but, despite its
forecast of fewer rate hikes next year, it fell short of
investors’ hopes of a more dovish monetary policy. The decision
sent U.S. stocks lower.
The local share price index futures fell