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

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