December’s US consumer price inflation data, released on Thursday, is expected to be highly influential as traders lose confidence that the Federal Reserve will begin cutting interest rates from March.
Headline US consumer price inflation, from the Bureau of Labor Statistics, is expected to show that headline inflation rose 3.2 per cent in December, year over year, according to economists surveyed by Bloomberg.
That would mark a small increase from the headline inflation figure of 3.1 per cent in November, likely driven by an increase in energy costs.
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