Markets are poised for the federal funds rate to rise to a target range of between 0.5% and 0.75% from the current range of 0.25-0.5%.
CRS, an independent research wing of the US Congress, warned lawmakers that in such a scenario compliance procedures could subject the US to WTO-authorised trade retaliation if Congress does not amend the pertinent laws.
The State Information Center's recommendation comes as top leaders prepare to meet this month to map out an economic and reform agenda for 2017 during an annual Central Economic Work Conference.
The deal, which has been five years in the making, requires ratification by at least six countries accounting for 85 per cent of the combined gross domestic product of the member nations.
The outlook for growth and inflation in a Reuters poll also remains muted despite a Wall Street surge, underscoring a wide gap between how the economy is expected to perform by analysts and what ebullient financial markets are currently pricing in.
The ECB was fully expected to keep the asset buys going, likely fearing that cutting back prematurely could abort a still timid recovery and unravel the impact of its buys.
Terry Tamminen, CEO of the Leonardo DiCaprio Foundation, said the pair gave a presentation to Mr Trump, daughter Ivanka, and other members of Mr Trump's team on how focusing on renewable, clean energy could create millions of jobs.
U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co for a revamped Air Force One - one of the most prominent symbols of the U.S. presidency - saying costs were out of control.
Greece is required by its euro zone creditors to pass wide-ranging reforms and sell state assets under an 86 billion euros ($92 billion) bailout programme.
China is trying to tighten its grip on capital outflows after a slide in the yuan this year of almost 6 percent, which has pushed the currency down to levels last seen more than eight years ago.
Some companies said Trump's broadside was not sufficient to compel a change in plans.
Trump declared that he intends to incentivize businesses to stay in America by lowering corporate taxes and slashing regulations, two key components of his economic agenda.
Saudi Arabia, hurt by low oil prices, has drawn down foreign reserves and cut spending while it funds a budget deficit that reached about 15 percent of gross domestic product last year.
The BoE, revealing its latest stress tests on Britain'stop seven banks, added that two - Barclays and StandardChartered - also missed key hurdles but had taken steps tostrengthen their capital positions.
President-elect Donald Trump's pick to lead the Treasury Department is a former Goldman Sachs banker with no prior government experience.
Global growth is now expected to pick up to 2.9 per cent in 2017 from 2.5 per cent this year as US investment recovers, fiscal policy is eased and recessions come to an end in Brazil and Russia.
The Federal Reserve raised its benchmark overnight interest rate last December for the first time in nearly a decade.
The Office for Budget Responsibility forecast gross domestic product would grow by 1.4 per cent in 2017, down from an estimate of 2.2 per cent made in March, before June's Brexit vote.
The level of deposit account protection is set under EU rules at 100,000 euros or its equivalent in member states that do not use the single currency.