(Bloomberg) -- The Federal Reserve's route to raising interest rates has become a lot rockier in light of Donald Trump's election victory, which caused global financial markets gyrated on the news.

Prior to the result, the Fed seemed poised to lift rates next month for the first time since December 2015. Renewed market volatility could stay their hand if it persists and financial conditions tighten. Uncertainty about how Trump will approach domestic and international policy could further obscure the economic outlook, and how that plays out has potential to delay or accelerate Fed policy tightening.

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