In terms of economic data releases these days, there is none bigger than the US CPI report. And we are going to get that today all before the other important items on the agenda later this week as seen here. The estimates show that headline annual inflation is to fall to 3.1% last month, down from 3.2% in October. Meanwhile, core annual inflation is to hold steady at 4.0% in November.So, what can we expect from the market reaction?The important detail to note is that traders have fully priced in the first Fed rate cut for May next year. And there is roughly 111 bps worth of rate cuts currently priced in for the entirety of 2024 already.If we do see softer inflation numbers, it should reinfor
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