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Wednesday, December 16

16th Dec - Fed hikes, almost nothing happens





Previously on MoreLiver’s:



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EUROPE
The Eurozone crisis. Was it all bad German economics?Tony Yates

Juncker: The Euro Area Crisis Is not Over Yeteuinside

Research Finland: Some growth is better than noneDanske Bank

Spain heads to its most unpredictable election in decadesOpen Europe

Economics of the refugee influxNordea

Euro zone inflation revised up to 0.2 percent in November – Reuters
Euro area – Consumer prices: the core of the problem (1/2) – Pictet


UNITED STATES
Industrial Production Crashes Most Since 2009, Weather Blamed – ZH
Industrial Production decreased 0.6% in November – Bill McBride
U.S. industrial output falls as manufacturing stays flat – Reuters

  FEDERAL RESERVE
Here's What 7 Years at Zero Rates Have Looked Like – BB
Fed's Historic Liftoff and Everything After: Decision Day Guide – BB
What to Expect From the Fed Interest-Rate Decision: WSJ’s Hilsenrath Discusses
Waiting For the Fed: ‘At This Point, My Brain’s Scrambled’ – WSJ
Winners and Losers When the Fed Raises Rates – WSJ
With the Fed Ready to Raise Rates, How This Time Is Different – WSJ
Fed readies first hike in almost a decade amid calm markets – Reuters
Fed has new tools to jig rates after first hike in nine years – Reuters
SocGen: After The BOJ And ECB, Will Yellen Disappoint Next? – ZH

Live Analysis – WSJ
Markets Live does Yellen 7pm – FT

Statement – FED
Implementation note – FED
Projections – FED

The Fed's New Normal – View / BB
See Markets React to the Fed Rate Hike in 8 Charts – WSJ
Fed’s Dot Plot Points to Gradual Rate Tightening – WSJ
Economists React: ‘When Is the Next Hike?’ – WSJ
Fed Mouthpiece Reads Liftoff Tea Leaves – ZH
Unchanged "Dot Plot" Signals Fed Expects 4 Rate Hikes In 2016 – ZH
Fed’s Hike "Plumbing": Removes Cap On Reverse Repos – ZH
The Sellside Reacts "It's Calm On The Floor" – ZH
FOMC Projections and Press Conference – Bill McBride
As Expected – Tim Duy
We have Lift-Off – Marc Chandler
The Fed Hasn’t Convinced the Market – View / BB
Fed's Smooth Liftoff Doesn’t Signal Mission Accomplished – View / BB
The Fed Wants a World That Makes Sense Again – View / BB
Fed begins snail pace rate hike – ABN AMRO
Fed review: dovish rate hike – Nordea


REGULARS
Morning MoneyBeat AsiaWSJ
U.S. Stocks Jump Into Fed Meeting

Morning MoneyBeat EuropeWSJ
It’s Fed Day

Morning MoneyBeat USWSJ
Predicting Next Rate Rise Lies in Connecting the Dots

Danske DailyDanske Bank

Euro rates updateNordea

Eye-OpenerNordea
Fed lift-off, US to lift oil export ban, yields up with equities * Riksbank is done easing, next up the Fed * Euro-area yields rise as oil and stocks rebound * More oil set to flood international markets?

Morning MarketsTF
It's finally here and the Fed will make its momentous decision tonight to move rates again for the first time since 2006.

Daily FX CommentMarc Chandler
Fe Fi Fo Fed

Daily ShotTF
As we move into the final few hours before the Fed's expected rate hike there is a contrarian punt emerging on the high-yield junk bonds hype.

Daily Press SummaryOpen Europe
New Open Europe/ComRes poll: Failure to win key reforms could swing UK’s EU referendum vote * Former Danish Ambassador to the EU: Our experience of EU negotiations offers UK helpful precedent * 80% of German managers say it is crucial to keep the UK in the EU * European Council President calls for “debate with no taboos” on UK renegotiation * UK to offer support to new EU border guard * New poll: Hollande would not make it to the second round of the 2017 French presidential election * Italy joins opposition to Russo-German pipeline deal * Bank of England warns EU bankers’ bonus cap is “counterproductive” * Sweden granted temporary exemption from EU refugee relocation scheme * Greece passes another round of reforms paving the way for €1bn in bailout funds

Brussels PlaybookPolitico
Dutch PM at risk — Border brouhaha — Brexit polls

US OpenZH
Global Stocks, US Futures Greet Historic Fed Day With Euphoria

FrontrunningZH

FX UpdateTF
The Yellen Fed today will take pains to avoid any ugly surprises along the lines of the ECB’s recent debacle which could initially see a softer USD but the greenback should pick up steam again as we look out to further rate hikes to come in 2016 particularly if risky assets weather the first Fed rate hike in over nine years.

From the FloorTF
If the market consensus is to be believed the US Federal Reserve will tonight raise interest rates for the first time in almost a decade adding one quarter of a percentage point and signalling the end of an overlong era of ultra cheap money.


FINNISH
AamukatsausNordea
Fed pyristelee pois nollasta * Riksbankissa nähdään elvytyksen olevan menneen talven lumia * Fedin koronnoston lähestyminen heiluttaa valuuttamarkkinoita * USA:ssa inflaatiopaineet kasautuvat hiljalleen