The Monday Mix: Dec. 11 – 17, 2023

Top-of-mind economic news as we start the week:

— Federal Reserve keeps key interest rate unchanged and foresees 3 rate cuts next year.

Retail sales rose 0.3% in November vs. expectations for a decline.

— Federal Reserve lowers inflation forecast for 2023, seeing core PCE falling to 2.4%.

European Central Bank holds rates and trims its inflation forecast.

Australia releases anti-greenwashing guidance for companies.