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US CPI, retail sales next to move the dollar
As the Fed prepares to deliver its fourth rate hike of the year in December, key data on consumer prices and retail sales coming up might offer some clues on the Bank’s rate normalization path in 2019. At 1330 GMT on Wednesday, the Bureau of Economic Analysis is expected to show that October’s headline Consumer Price Index bounced up to 2.5% year-on-year after slowing down in the past two months, from 2.9% in July to 2.3% in September. The core equivalent, however, which excludes volatile items is estimated at 2.2% y/y, the same as in September, hinting that the pick up in the headline measure could be a matter ... (full story)