Financial institution of America on the upcoming US CPI report – rally vs. volatilty

Analysts at Financial institution of America re eyeing ‘two remaining main occasions’ left for this 12 months, the US CPI report, then the Federal Open Market Committee (FOMC) assembly:

• “We imagine the 2 remaining main occasions of the 12 months (CPI and FOMC) can set the near-term path of the market.”
• “A softer print can clear the trail for a year-end rally, with the second half of December being the second strongest interval of the 12 months, up 1.zero% on common.”
• “Quite the opposite, a firmer print can revamp volatility, particularly after the 5% post-election rally.”

The Federal Open Market Committee (FOMC) shouldn’t be till subsequent week (December 17 – 18) whereas the November CPI information is due Wednesday, December 11:

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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