Another U.S. Interest Rate Hike Looms Next Week

A drop in gasoline prices in November has likely sent U.S. inflation growth lower. We expect next week’s U.S. CPI reading to come in at 7.4%. That’s down from 7.7% in October and a 9.0% peak in June. Food inflation was still likely running almost 11% year-over-year. But a decline in commodity prices means that […]

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