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Thursday: Retail Sales, Unemployment Claims, Industrial Production

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Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios.

Thursday:
• At 8:30 AM ET, Retail sales for November will be released.  The consensus is for a 0.2% decrease in retail sales.

• Also at 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 230 thousand initial claims, unchanged from 230 thousand last week.

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of -1.0, down from 4.5.

• Also at 8:30 AM, the Philly Fed manufacturing survey for December. The consensus is for a reading of -12.0, up from -19.4.

• At 9:15 AM, The Fed will release Industrial Production and Capacity Utilization for November. The consensus is for a 0.1% increase in Industrial Production, and for Capacity Utilization to decrease to 79.8%.

FOMC Statement: Raise Rates 50 bp; “Ongoing increases appropriate”

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