MNI US Morning Briefing

     LONDON (MNI) - Across the Atlantic the first release of the day is US MBA

Weekly Mortgage Applications Index at 1200GMT.

     Also at 1200GMT the UK Prime Minister Theresa May will face a weekly round

of PMQ's.

     US CPI figures are scheduled for 1330GMT. The CPI is expected to rise 0.4%

in November following a 0.1% rise in October. Analysts expect energy prices to

rebound solidly after October's 1.0% decline. AAA reported a rebound in

mid-month prices from October to November. The core CPI is forecast to post

another 0.2% increase in October.

     Also at 1330GMT is Canadian International Investment Position.

     Weekly US DoE Crude Oil Inventories will hit the wires at 1530GMT.

     The main event of the day at 1900GMT is the FOMC Rate Announcement. The

FOMC are widely expected to hike rates 25bp, though markets expect their tone to

be dovish.

     Rounding off the day at 1930GMT Federal Reserve Chair Janet Yellen will

give a press conference, in Washington.

--MNI London Bureau; +44 203 865 3809; email: kieran.williams@marketnews.com