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There was a slew of major macro events slated for this week, but markets only mustered a limited response.
Here's a quick recap:
Thur, Dec 18: The US CPI data (a.k.a. headline inflation) did come in lower than expected, as the core CPI (which excludes volatile food and energy prices) posted its slowest growth since 2021.
Although the likes of Bitcoin, Gold, and the S&P 500 got an initial boost ...The apparent cooling in US inflation did little to alter market expectations for a Fed rate cut in January, with such odds now around 27%.