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Week Ahead - Blockbuster end to the year
US Two blockbuster events will have Wall Street on edge as the disinflation trade may have gotten ahead of itself. The last major piece of economic news before the Fed meets will be the November inflation report which is expected to show pricing pressures are decelerating. The headline reading from a month ago is expected to rise 0.3%, a tick lower from the pace in October. On a year-over-year basis, inflation is expected to decline from 7.7% to 7.3%. There is still a lot more work that needs to be done with bringing inflation down, but for now, it seems the trend is headed in the right direction. The FOMC decision ... (full story)
