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3 Numbers: Eurozone deflation risk receding, but only slightly
Today’s flash estimate for Eurozone inflation will be closely read ahead of tomorrow’s policy announcement from the European Central Bank. Later, the ADP Employment Report will provide fresh perspective for deciding if the US macro trend still points to a rate hike at this month’s Federal Open Market Committee meeting. Meanwhile, keep your eyes on the effective federal funds rate, which has been flat to slightly lower in recent weeks. Is that a sign that the Federal Reserve will delay a rate hike into 2016? Eurozone: Consumer Price Index (1000 GMT) European Central Bank President Mario Draghi is widely expected ... (full story)