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US CPI coming up next. Fed December rate hike pricing rises above 50%

CPI day is finally here with the US data due at the bottom of the hour. The market has been making a hawkish shift ahead of the data, boosting the odds of a December Fed hike slightly above 50% and November not far behind. September is still seen at just 7% but with the ECB seemingly signalling a hike, the market is pricing in some groupthink.The data will steer the market next but I suspect eyes are also on oil with WTI up another 40-cents today, ensuring that the September headline inflation n... Read More

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Posted: Sep 13 2023, 12:20

Author Name: forexlive

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