Bank of America on the upcoming US CPI report - rally vs. volatiltyAnalysts 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 article was written by Eamonn Sheridan at www.forexlive.com.
Source: Bank of America on the upcoming US CPI report - rally vs. volatilty (https://www.forexlive.com/stock-market-update/bank-of-america-on-the-upcoming-us-cpi-report-rally-vs-volatilty-20241209/)
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