Initial Guidance | 17 December 2015

● Fed raises target rate by 25bp–first hike in 9 years | WaPo
● Slight changes for Fed’s new median macro forecasts | Federal Reserve
● US housing starts and building permits rebound in November | NY Times
● US industrial output slumps in Nov; manufacturing flat | MarketWatch●
● US Mfg PMI slips to 3-year low in Dec | Markit
● German business sentiment dips but still at high level | Reuters