Switzerland Foreign Currency Reserves dipped from previous 563B to 560B in December

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Jan 7, 2016

Oil: US adjustment still has much further to go – Deutsche Bank

Research Team at Deutsche Bank, suggests that the focus of expectations for supply contraction in 2016 continues to be centered on the US, although other non-OPEC producers and some OPEC producers such as Iraq may also begin to suffer declines at existing investment levels.

The Fed acknowledges “uncertainty and risks present in the inflation outlook”

The minutes of the US Federal Reserve’s December 15-16 meeting was published yesterday. The Fed had in its December meeting raised the interest rates from record low levels for the first time in a decade, thereby ending its zero rate regime. The Fed had declared it will hike rates 25 bps four times in 2016. It had stressed that the subsequent rate hikes will be gradual and data dependent.