Eye On CPI / Inflation

December 9th, 2021-- Mptrader Pre-Market Alert: Tomorrow at 8:30 AM ET, we get the next data point for CPI...

The Street expects CPI for November to show a M-o-M gain of 0.8% (vs. 0.9% in Oct.), and Y-o-Y of 6.9% (6.2%). The Core Rate is expected to show +0.5% (0.6%) for November, and +4.9% (4.6%) annualized... 

According to Nordea and Macrobond Research, here is an interesting graphic that puts inflationary trends into perspective. Their research notes are as follows:

1. Core inflation to print at 5.1% with upside risk
2. Headline inflation to reach 6.6% YoY (highest since 1982)
3. The Fed will double down on the tapering speed at the FOMC on December 14-15
4. First hike due at June 2022