inflation
The initiative provides accurate data on GDP, inflation, foreign investment, and infrastructure rankings
Market focus is on the bank's economic projections and the dot plot which may offer additional insights into the monetary policy trajectory
CPI illustrates fluctuations in prices that consumers pay for a predetermined basket of goods and services, which includes 490 distinct items
Traders are pricing a 93.4 percent chance of a quarter-point cut during the Fed's December 17-18 meeting
The ECB unanimously decided to reduce the deposit rate by 25 basis points
In five days, the Federal Reserve will meet to decide on whether to cut interest rates this month
Traders currently expect a 98.6 percent chance that the Fed will cut rates by 25 basis points
Inflation data could help set market expectations for the Fed's 2025 policy
Headline inflation climbed to a record high of 38 percent in September 2023 after falling to 26.5 percent in October
Traders currently see an 89.5 percent chance of a Fed rate cut this month
The number of oil and gas rigs deployed in the U.S. last week hit the highest since mid-September
