Holding firm… after three cuts this year, the Federal Reserve leaves December’s rate unchanged. Chairman Jerome Powell says he needs to see ‘persistent and significant inflation’ before he'd be prompted to cut again any time soon. The focus shifts across the pond, with all eyes on new ECB president Christine Lagarde’s first policy decision later today. And President Trump is set to meet with his key trade officials to discuss fresh tariffs on China as Sunday’s deadline looms.

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