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Dudley: A rate hike in 2015 is still possible

FXStreet (Córdoba) - In an interview with CNBC, William C. Dudley, president of the Federal Reserve Bank of New York, said that he thinks a rate hike is still likely in 2015. Dudley is voting member of the FOMC, added that the US economy is pretty strong but expected the weakness in the trade sector to continue next year.

"The domestic side of the economy looks really good, some temporary drag from inventories and some more persistent drag from the trade sector," said Dudley to CNBC. Regarding the outlook for monetary policy, the still considers a possibility a rate hike this year and he was not surprised by market volatility. At the September meeting, Dudley voted to leave rates unchanged.

German FinMin Schaeuble expects 1.8% GDP growth in 2015 and 2016

German finance minister Wolfgang Schaeuble said the government expects economy to grow by 1.8% in real terms in 2015 and 2016.
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S&P downgrades Catalonia to "BB-" with negative outlook

Ratings agency Standard & Poor’s downgraded Spanish region of Catalonia to BB- and maintains a negative outlook amid political tensions with the central government and Catalonia's very weak budgetary performance and very debt burden.
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