FOCUS OF THE DAY: Inflation in the US!
Dear traders,
Today, at 15:30 Moscow time, The Commerce Department will publish November CPI figures, which should give clearer signs on the pace of inflation.
Consumer prices are expected to have risen 0.1%, last month, according to estimates, cooling from October’s 0.3% gain. On a yearly base, CPI is projected to climb 2.2% down from 2.5% a month earlier.
Excluding the cost of food and fuel, core inflation prices are forecast to have gained 0.2% last month and 2.2% over the prior year.
Weakening inflation will likely add to expectations that the Federal Reserve will need to slow its pace of rate hikes next year. (Investing.com)
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