Daily Economic Outlook: 15th December, 2015

The long awaited U.S. Fed's tightening monetary policy is is expected to announce  today. This will be the first rate hike by the Fed since 2006. Markets will be eagerly waiting for Yellen's press conference on FOMC decision.

In addition to Fed's rate hike, publication of the UK labour market statistics for the 3 months to October will in focus. The ongoing strength of employment growth is expected to reduce the wage growth, says Lloyds Bank.

In euro area, Eurozone Markit Flash PMI and inflation data are scheduled to release today.