US CPI data the center of attention in trading today ...Middle East

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US CPI data the center of attention in trading today
Here are some previews to wrap your heads around the release coming up later:Here is what to watch for an extreme surprise in the US CPI data todayPreview: What to look for in the December US CPI reportUS CPI data due Thursday 11 January 2024 - previewI'm not going to go into too much details on the estimates as such. The bottom line is that the headline reading is estimated to be a little "sticky" at 3.2% y/y while the core reading is likely to have eased a little more to 3.8% y/y. As always, the core reading is likely to take more emphasis and even more so in this instance since it favours what markets are looking for in the bigger picture.The main reaction to watch will be in the bond mar

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