As Danmarks Nationalbank has previously pointed out, the structure of housing taxes contributes to instability in the housing market. The outlook that the Danish economy will begin to pick up steam highlights the issue of how much spare capacity we actually have, and when the economy will begin to experience capacity problems.
As was noted in the Federal Open Market Committee’s statement, our assessment is that the most recent data have further strengthened the case for increasing the target range for the federal funds rate.2 The markets put a probability of above 70 percent on the 1/2  BIS central bankers' speeches  rate being increased in December.