Why shorting tonight’s inflation headlines might be a bad idea
The keenly awaited US inflation readings will be out tonight 21:30 SG time!
The core Consumer Price Index (CPI) in the US is expected to increase at a whooping annualised rate of 6.9% in November, up from a 6.2% recorded in the previous month.
Why this headline is important is because if it printed this high, it would be the fastest CPI growth rate gain we have seen in the last 31 years!