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US CPI preview: 14 investment bank forecasters see energy lifting headline to 3.6%, core held near 0.2%

The headline jump is largely priced in, so the market reaction will hinge on core. A print at the top of the forecast range, around 0.24% or higher, would back the Fed officials warning that inflation is broadening and firm December hike pricing, lifting front-end yields and the dollar. A reading at the soft end, near 0.16% to 0.18%, would support New York Fed President Williams’ view that price…

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