US equity markets settled lower as investors digested the latest Federal Reserve interest rate decision and monetary policy pronouncements - Dow fell -142-points or -0.42%, The broader S&P500 lost -0.61%, with Financials (down -1.29%), Materials (-1.11%) and Real Estate (-1.01%) all declining over >1% to lead ten of the eleven primary sector lower. Health Care (up +0.14%) was the only primary sector to advance. The S&P 500 is on track for its biggest three-month gain since the second quarter of 2020, having risen by ~11.3% since the start of October. Delta Air Lines Inc rose +2.79% after the carrier raised its earnings guidance and highlighted robust demand for air travel as the industry recovers from the widespread disruption caused by the COVID-19 pandemic. The airline raised its 2022 adjusted earnings per share (EPS) guidance to US$3.07 to US$3.12 versus current consensus forecasts for US$2.88. For 2023, Delta forecast a near doubling of adjusted earnings to US$5 to US$6 per share, and revenue growth at 15% to 20% compared with 2022 and said it is on track to meet its 2024 earnings target of more than >US$7 a share. However, Tesla Inc (down -2.58%) continued to trade around two year lows. Chief executive Elon Musk tweeted that he “will make sure Tesla shareholders benefit from Twitter long-term”. The technology-centric Nasdaq fell -0.76%. The small capitalisation Russell 2000 lost -0.65%.