U.S. stocks slumped Wednesday after the Federal Reserve hinted it may deliver fewer shots of adrenaline to the economy next year than it had earlier thought. The S&P 500 fell 1.3% toward its worst loss in a month and pulled further from its all-time high set earlier this month.

The Federal Reserve did what markets expected Wednesday. But that didn’t stop investors from dumping risk assets in droves.

Wall Street witnessed a major drop after the Federal Reserve announced final cuts before US President-elect Donald Trump comes to power. However, the American central bank warned that there will be fe