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The closing bell of the New York Stock Exchange on Monday, March 9, 2020. (WTTW News via CNN)

Fears over the coronavirus and an oil price war sank the Dow Jones Industrial on Monday, while the S&P 500 had its worst day since 2008.

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“Nothing will deter us from doing what we think is the right thing to do,” Federal Reserve Chairman Jerome Powell said Wednesday, Dec. 19, 2018.

The Federal Reserve hikes its benchmark interest rate for the fourth time this year, by one-quarter of 1 percent to 2.5 percent. We discuss the outlook for the markets and the economy.