US CPI the main event on the agenda for today ...Middle East

Preview: What to expect from Wednesday's US CPI reportGoldman Sachs: What we expect from the November US CPI reportInflation data is the main focus for today and it don't come any bigger than one before the Fed meets. That especially with questions surrounding a potential need to pause for the central bank.All that being said, it's a tall order to shift the prevailing market pricing in that direction. Traders are seeing a ~85% probability of a 25 bps rate cut for next week. So, it will take a serious beat on the inflation estimates today to really retrace those odds.And judging by analyst estimates, the propensity for the data to surprise significantly isn't that high. Core annual inflation

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