December 16 (Thursday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on December 13.

Markets
Stocks Close Higher as Investors Welcome Fed Decision | W
Dow jumps 380 points, Nasdaq surges 2% in relief rally after Fed gives rate hiking timeline | C
Treasury Yields Rise After Fed Signals Turn to Tighter Monetary Policy | W
Fed will aggressively dial back its bond buying, sees three rate hikes next year | C

Central banks
Powell Declares Inflation Big Threat as Fed Signals Rate Hikes | B
Fed Officials Project Three Interest Rate Rises in 2022 and Accelerate Stimulus Wind-Down | W

US I
Democrats’ $2 Trillion Package Stalls as Manchin Talks Make Little Headway | W
Build Back Better Act: Democrats unlikely to pass Biden social spending plan | C
House Speaker Nancy Pelosi opposes banning stock buys by Congress members | C

US II
U.S. Retail Sales Slow With Holiday Shoppers Facing Inflation, Shortages | W
Campbell Soup CEO: Some inflation causes will be difficult to overcome | C
How millions of jobless Americans can afford to ditch work | NN
More People Quit to Take a New Job From an Old Boss | W

China
Xi Jinping’s Leadership Style: Micromanagement That Leaves Underlings Scrambling | W

Japan
Japan’s factory activity growth slows in December – flash PMI | R

Geopolitics & trade
U.S. Set to Ban American Investment in Some Chinese Companies Over Surveillance | W

Cybersecurity
Hackers Backed by China Seen Exploiting Security Flaw in Internet Software | W

Virus
Princeton, Cornell, Others Urge Students to Head Home Because of Covid-19 Outbreaks | W
Covid: Delta drives surge of U.S. hospitalizations amid omicron fears | C
Omicron: UK reports record daily Covid cases since pandemic began | C