SEOUL, South Korea – World stock markets fell Thursday amid a big drop in oil prices and as investors worried that support measures for the fragile global economy will be withdrawn too quickly.
The declines came after the Federal Reserve kept interest rates unchanged at a regular meeting Wednesday, as widely expected, and said the pace of economic activity has "picked up" since its last meeting in August.
But the Fed also said it would again slow some of its purchases of mortgage-backed securities, which have been part of the extraordinary support the central bank has given the U.S. economy over the past year.
The declines came after the Federal Reserve kept interest rates unchanged at a regular meeting Wednesday, as widely expected, and said the pace of economic activity has "picked up" since its last meeting in August.
But the Fed also said it would again slow some of its purchases of mortgage-backed securities, which have been part of the extraordinary support the central bank has given the U.S. economy over the past year.
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