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Tarvold

27,864 Posts.

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13/12/23

10:18

Post #: 71420002
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Originally posted by Tarvold: ↑

The November Consumer Price Index (CPI) rose 3.1% on an annual basis, in line with estimates from economists polled by Reuters, as a drop in gasoline prices was overshadowed by a rise in rents.
Core prices, excluding volatile items such as food and energy costs, also matched expectations, showing a 4% annual rise.
On a month-on-month basis, consumer prices ticked up 0.1% last month, compared with estimates of remaining unchanged.
Markets had recently been pricing in a rate cut by the Federal Reserve as soon as March, but traders pared those bets and are now targeting May for the first rate cut after the central bank began its hiking cycle in March 2022.
Expectations for a cut of at least 25 basis points in March fell to 43.7%, from about 50% before the data, according to the CME Group's FedWatch Tool.
The market is now pricing in a chance of about 78% for a cut in May, up from about 75% on Monday.

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None of this IMO signals the time to be short.

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None of this IMO signals the time to be short.

Clinuvel shares dip, even as CEO comes back from temp leave

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

'Sure to be busy': Advance's Yuquivo drilling gets off to top start with first-hole hits

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ASX Ltd notches upward on sale of company meant to fix CHESS 3 years ago

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Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

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None of this IMO signals the time to be short.

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Clinuvel shares dip, even as CEO comes back from temp leave

Week 24 Wrap: WW3 looms (again); US econ data tepid & silver surfing

Resolution's dual-listing to 'expedite growth' – and sets stage for NASDAQ foray

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Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

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