Macro Briefing: 14 December 2017

GOP’s legislative agenda threatened after Alabama loss: Politico
Fed raises target rate 50 basis points to 1.25%-1.50% range: CBS MoneyWatch
Fed chair Yellen is cautious on growth prospects for GOP tax cut: Bloomberg
US core consumer inflation dips to 1.7% y-o-y pace, close to 2yr low: Reuters
Retail spending growth in China accelerates: MNI
China’s central bank unexpectedly lifts short-term rates: RTT
UK’s Parliament votes to have final say over Brexit: Guardian
Fed’s median GDP growth forecast for 2018 raised 40bp to 2.5%: Federal Reserve