Morning, Traders!
It is Tuesday the 12th of December, and it is the day of US inflation data!
here are some things to look out for today
Sentiment
All eyes on CPI
Analysts predict that headline MoM CPI will be flat in November, while core inflation will rise slightly.
Nonetheless, short-term inflation expectations have dropped dramatically.
This gives the Federal Reserve more leeway to consider rate cuts as the risks to activity and inflation become more balanced.
Docket
08:30 ET
US CPI for November
YoY - Median Forecast: 3.1% | Prior: 3.2% | Range: 3.3% / 3%
MoM - Median Forecast: 0% | Prior: 0% | Range: 0.3% / -0.1%
Core YoY - Median Forecast: 4% | Prior: 4% | Range: 4.2% / 3.9%
Core MoM - Median Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / -0.1%
US CPI Prep Article - Read Here
12:00 ET
US EIA Short-Term Energy Outlook Report
13:00 ET
US sells $21 bln 30-Year Bonds
Good luck!
