Traders of derivatives-like instruments known as fixings expect Tuesday’s annual headline rate of the November consumer-price index to come in at 7.2%, or below the 7.3% median estimate of economists. As of Monday, fixings were also trading at levels that imply the annual headline CPI rate will reach 6.6% for December and a touch above 6% for January. Consumers also foresee inflation easing considerably next year, based on a New York Fed survey released Monday. All three major U.S. stock indexes were higher in late Monday morning, as investors await Tuesday’s CPI report.
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