United States Housing Starts (MoM) came in at 1.173M, above forecasts (1.14M) in November

Research Team at ING, suggests that the big day has finally arrived and markets are looking for FOMC Chair Yellen to market today’s 25bp hike in the Fed Funds target range as ‘good news’ – the economy and the financial system being in a sufficiently good place to tolerate higher rates.