UBS - Flash Commentary 15.12.2016

Update on the Federal Reserve's December meeting

The statement following the meeting noted that economic activity "has been expanding at a moderate  pace," and inflation measures have moved up "considerably but still are low." The dot plots charts which  follow, suggest Fed members have become slightly more hawkish. This is not necessarily surprising given the recent improvement in economic data, continued advances in employment, and prospects for more expansive fiscal policy going forward...

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