US CPI will be eyed ahead of the December12-13 FOMC meeting ...Middle East

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US CPI will be eyed ahead of the December12-13 FOMC meeting
US inflation data is due on Tuesday. While the December Federal Open Market Committee (FOMC) meeting is expected to be an on-hold decision any blowout in headline and/or core above maximum estimates (see below) will spark speculation that the meeting could shift to 'live'. Expectations for the headline rate centre on 0.1% m/m and 3.3% y/y with range:m/m 0.0 to 0.3%y/y 3.2 to 3.7%Expectations for the core rate (excluding food and energy) centre on 0.3% m/m and 4.1% y/y with ranges:m/m 0.2 to 0.4%y/y 4.0 to 4.2%Preview comments via TD:Our forecasts for the October CPI report suggest core inflation gained additional speed for a third month straight: we are projecting an above-consensus 0.36% Mo

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