All eyes are on the central bank bonanza next week and with the Fed in focus, the US consumer price inflation report on Tuesday is going to be a massive one before the FOMC meeting on Wednesday. At the stage we are at, inflation data is essentially the new non-farm payrolls.
But before we get to that, we’ll get a teaser of sorts tomorrow via the November producer prices report. You would think that PPI tends not to be a market mover but in a time when inflation numbers mean everything, the data tomorrow will be a big one – as it was last month here.
So, while broader markets are quiet today with very little to work with, don’t expect that to last when we get to US trading tomorrow.
This article was originally published by Forexlive.com. Read the original article here.