US equity markets slumped, logging their worst session in three months in the wake of the Federal Reserve’s latest sober monetary policy statement - Dow tumbled -634-points or -2.05%, logging its worst single session decline since 28 October last year. However, Walgreens Boots Alliance +4.01% after the pharmacy chain said it had tapped Starbucks Corp (down -6.51%) executive Roz Brewer to serve as its new chief executive. The broader S&P500 shed -2.57%, wiping out its gains for 2021. Communication Services (down -3.82%), Consumer Discretionary (-3.13%), Healthcare (-3.05%) and Materials (-3.00%) all fell 3%+ and led all eleven primary sectors lower. The Nasdaq lost -2.61%. Advanced Micro Devices Inc fell -6.% The small capitalisation Russell 2000 index fell -1.91%.