Macro Briefing: 16 December 2020

* GOP Senate Majority Leader McConnell publicly acknowledges Joe Biden’s victory
* Economists expect decline in today’s November report on US retail spending
* Congress still negotiating details for Covid-19 relief package
* Eurozone economy “close to stabilizing” via PMI survey data for December
* German economy reflects “ongoing resilience” in December PMI data
* Japan’s economy continues to contract in December, PMI data shows
* UK economy growing slightly via December PMI survey data
* Will the Fed change its bond-buying program in today’s policy meeting?
* NY Fed Mfg Index in Dec continues to post moderate growth
* US industrial output growth slowed in November, rising 0.4%:

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