Les dépêches mercredi 19 décembre. La Fed bien sur. Elle ne se rallie pas aux prévisions plus sombres sur l’économie. Dj -1,3%, Nasdaq -1,9%

On attendait la Fed bien sur. Elle est sortie. Baisse du marché.

Powell: la moderation de l’inflation nous permet de nous montrer patients.

Powell: "We've reached the bottom end of the range of what the Committee believes might be neutral." I think this is exactly right. @FederalReserve More on monetary policy, markets, and growth:https://t.co/bUCXtPsOi6 pic.twitter.com/oQFSvuaMAc

— John P. Hussman (@hussmanjp) December 19, 2018

POWELL: INFLATION TREND ALLOWS FOMC TO BE PATIENT GOING FORWARD

— zerohedge (@zerohedge) December 19, 2018

The Fed will be dovish later, she couldn't be dovish now because of Trump: it would have been considered as weakness. Dovishness will come in the narratives later; this is my opinion. The problem in not the economic or financial situation, it is how to manage credibility. . https://t.co/rhHMCcjmsA

— bruno bertez (@BrunoBertez) December 19, 2018

Fed's Powell: "Most of my colleagues expect the economy to continue to perform well in the coming years." pic.twitter.com/1cwdgkLEL0

— Holger Zschaepitz (@Schuldensuehner) December 19, 2018

Jay Powell says "monetary policy will be providing a smaller boost to the economy in 2019," which would suggest interest rates will remain below their estimates of the neutral level (though the median projections show rates rising *above* the neutral level next year)

— Matthew B (@boes_) December 19, 2018

Amélioration de la situation italienne , Bruxelles a sauvé la face.

Il faut s’attendre a un accroissement des déficits partout dans le monde en raison du net ralentissement de la croissance en regard des prévisions. La chute de 40% des cours du pétrole est déflationniste.

#Italy 10y risk premium over Germany plunges to 258bps after Rome and Brussels reached an informal accord on structure and content of the Budgetary Plan for 2019 that would avoid enacting the Excessive Deficit Procedure. pic.twitter.com/r1F51OIzSQ

— Holger Zschaepitz (@Schuldensuehner) December 19, 2018

[BloombergQ] Stocks Rise Before Fed Decision; Treasuries Steady: Markets Wrap

[BloombergQ] Fed Seen Making Dovish Hike With 2019 Pause: Decision Day Guide

[Reuters] Fed expected to raise rates, may signal fewer hikes ahead

[Reuters] U.S. current account widens; companies bring home piles of cash

[Reuters] U.S. existing home sales unexpectedly rise in November

[CNBC] Italy reaches budget breakthrough after the EU initially rejected its 2019 spending plans

[Reuters] Japan exports slow to crawl on global slowdown, trade tensions

[CNBC] Stock buybacks hit a record $1.1 trillion, and the year’s not over

[BloombergQ] Mnuchin Hints at Fannie-Freddie Changes to End U.S. Control

[CNBC] Weekly mortgage applications fall 5.8% as stock market plunge unnerves potential buyers

[BloombergQ] Citigroup Faces $180 Million Loss on Loan to Asia Fund

[BloombergQ] Thailand Central Bank Delivers First Rate Hike Since 2011