Daily Note – D-Day for the Fed

8082161-1449355190285394-George-SchneiderSummary

  • The real Special One – Mourinho or Yellen?
  • Markets calm ahead of FOMC decision
  • United States: CPI continues to firm
  • United Kingdom: CPI slows less than forecast

Good morning,

The question today is will they or won’t they?

Will Chelsea sack José? Enough of the Fed, what happens at Chelsea will grab the headlines in this house today. As for the Fed, I think it’s in the bag. Calm has returned.

Following the wild moves in high yield spreads and oil earlier this week, global markets have stabilised ahead of the FOMC decision. Asian equity markets tracked the overnight rally in European and US markets, advancing across the board. In particular, the Nikkei 225 and the S&P/ASX200 rallied more than 2%.

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GlobalMacro360 Daily Note 16th December 2015

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