CPI carries extra weight after the comments from Jefferson ...Middle East

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There has been a drought of US economic data for the past week but it will finally be lifted with CPI today and retail sales tomorrow.Earlier today, the Fed's Jefferson was out with some interesting comments today and they suggest the odds of a rate hike in January might be more than the 33% priced by the market. As a reminder, the Fed is closely watching core services inflation ex-housing and any signs of a hot reading there will be a problem. This article was written by Adam Button at www.forexlive.com.

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