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US Futures are Higher After the Fed Raised Rates by 25 BPS

US Futures are higher after the Fed raised rates by 25 bps.  Along with the rate increase, the Fed upgraded the economic outlook for next year.  In economic data, retail sales rose 0.8% in November, ahead of analyst estimates.  Initial jobless claims were 225K last week, below expectations of 239K.  Later this morning the market will get an early reading on December PMI and business inventories for October.  European shares are lower after the ECB and BOE held rates steady.  ECB’s Governing Council stated that they expect to keep rates at these levels for “an extended period of time” and said they see inflation at 1.4% in 2018.  Asian shares closed lower after the Hong Kong Monetary Authority and the People’s Bank of China raised rates.

 

US Futures are Higher Despite New Questions Over t...
US Futures are Higher Ahead of the Fed Decision Du...

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