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Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Philippine central bank keeps interest rate unchanged at 2 pct

U.S. Q3 economic growth unrevised in second estimate

U.S. vehicle sales fall again in November

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

U.S. personal income and spending rose less than expected in August

United States building permits

Taiwanese money supply continues to see strong growth, CBC likely to keep rates on hold in December

U.S. existing home sales decline in August

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. Consumer Confidence falls in September

U.S. existing home sales rise above expectations in October

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Australian private new capital expenditure likely fell further in Q3 2020 - ANZ

Reserve Bank of India likely to stand pat in December

©Econometrics LLC . All Rights Reserved.

Daily Economic Outlook: 15th December, 2015

Wednesday, December 16, 2015 5:30 AM UTC

The long awaited U.S. Fed's tightening monetary policy is is expected to announce today. This will be the first rate hike by the Fed since 2006. Markets will be eagerly waiting for Yellen's press conference on FOMC decision.

In addition to Fed's rate hike, publication of the UK labour market statistics for the 3 months to October will in focus. The ongoing strength of employment growth is expected to reduce the wage growth, says Lloyds Bank.

In euro area, Eurozone Markit Flash PMI and inflation data are scheduled to release today.

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Daily Economic Outlook: 15th December, 2015

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