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US CPI data will be the next major data point in deciding the next Fed rate move.Economists predict the headline CPI to come in at 8.1% y/y, and anything higher than the previous reading of 8.3% could spell more disaster for the AUD and equities.The market is also expecting release of the minutes of the FOMC’s last meeting later tonight, which will provide an insight into the Fed’s frame of mind.
US CPI data will be the next major data point in deciding the next Fed rate move.
Economists predict the headline CPI to come in at 8.1% y/y, and anything higher than the previous reading of 8.3% could spell more disaster for the AUD and equities.
The market is also expecting release of the minutes of the FOMC’s last meeting later tonight, which will provide an insight into the Fed’s frame of mind.
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