Reuters
December 18, 2015
Financial Times
Friday, December 18, 2015
The Federal Reserve will raise interest rates again in March, say two-thirds of economists in separate Reuters and Financial Times polls. Investors, however, are betting on a more gradual increase, with prices indicating a June rate hike.
Chicago Tribune/The Associated Press
December 16, 2015
Industrial production in the US fell 0.6% in November, the third consecutive month of declines, the Federal Reserve said. The drop was the sharpest one-month contraction since 2012. The strengthening dollar is hurting manufacturers' overseas sales.
Haver
December 15, 2015
The Consumer Price Index was unchanged (0.5% y/y) during November following a 0.2% October rise. Prices excluding food & energy increased 0.2% (2.0% y/y) for the third consecutive month. Both the total and core price figures matched expectations in the Action Economics Forecast Survey.
Haver
December 17, 2015
The Conference Board's Index of Leading Economic Indicators increased 0.4% during November following an unrevised 0.6% October rise. The Action Economics Forecast Survey expected a 0.2% November gain. Three-month growth in the index jumped to 3.9% (AR), but it remained down from 6.7% in June.
Bloomberg
December 15, 2015
The People's Bank of China continued to lower the reference rate of the yuan, sending the currency into its longest decline since June. The central bank pressed ahead with the weakening after data showed the flow of capital out of the country is accelerating. "We are in a tricky vicious cycle as yuan depreciation spurs capital outflows," which drives bets that the currency will weaken further, said Stella Lee, president of Success Wealth Management in Hong Kong.
Xinhuanet.com (China)
December 16, 2015
China's economy will expand 6.8% in 2016, despite downward pressure, the People's Bank of China said. The forecast is slightly reduced from a projection of 6.9% growth this year. "China's pro-growth measures will start to show stronger effects in the fourth quarter of 2015 or the first half of 2016," the PBOC said in a working paper.
Nikkei Asian Review/Kyodo
December 18, 2015
Financial Times
Thursday, December 17, 2015
December 18, 2015
Bloomberg
December 18, 2015
The Wall Street Journal
The Bank of Japan is responding to signs of an economic slowdown with additional stimulus. The central bank says it will buy bonds with longer maturities and will purchase 300 billion yen annually in exchange-traded funds. Until the surprise announcement, Governor Haruhiko Kuroda had argued that BoJ efforts were successfully pushing up inflation.
Market News International
December 17, 2015
Reuters
Thursday, December 17, 2015
The release of €1 billion in aid for Greece has been endorsed by eurozone deputy finance ministers, after the government withdrew from Parliament a bill to ease what it calls a "humanitarian crisis." Eurozone officials had threatened to delay the money if Greece were to enact the bill. Among proposals withdrawn is medical care for people too poor to afford it.
The New York Times
December 20, 2015
As Congress scrambled to put together a tax and spending bill, lobbyists were able to persuade lawmakers to add 54 words to the measure that prevented the closure of a loophole that benefits some companies in the gambling, hotel and restaurant businesses. That brief passage cost the federal government an estimated $1 billion in future tax payments. Senate Democratic leader Harry Reid supported the change.
Bloomberg
December 18, 2015
Three US regulators have issued a joint statement notifying financial institutions that they are prepared to set higher capital requirements on banks that have dangerously lowered commercial real estate lending standards. The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said they are also ready to impose mandatory changes if banks fail to clean up their ways

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