1426 ET - Oxford Economics says they do not believe the Fed's unanimous decision to raise interest rates by 25 basis-points marks the beginning of another major tightening cycle. They think markets have too much tightening priced in over the coming year. "The accompanying projections suggest the key motive for raising rates was risk management," they write. Twelve officials see one more hike by the end of the year, and four officials see two more, the dot plot showed. "We now expect the Federal Reserve to deliver one additional 25bp hike later this year before falling inflation allows them to move to the sidelines," Oxford analysts says.