Bank of America on the upcoming US CPI report - rally vs. volatilty ...Middle East

Analysts at Bank of America re eyeing 'two remaining major events' left for this year, the US CPI report, then the Federal Open Market Committee (FOMC) meeting:“We believe the two remaining major events of the year (CPI and FOMC) can set the near-term direction of the market.”“A softer print can clear the path for a year-end rally, with the second half of December being the second strongest period of the year, up 1.0% on average.” “On the contrary, a firmer print can revamp volatility, especially after the 5% post-election rally.”The Federal Open Market Committee (FOMC) is not until next week (December 17 - 18) while the November CPI data is due Wednesday, December 11: This

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