Market Overview Analysis by Matthew Weller covering: US Dollar Japanese Yen. Read Matthew Weller's latest article on Investing.com
The Fed is seen as nearly 50/50 to cut interest rates again in December after Donald Trump and the Republicans secured a “Red Wave” last weekPerhaps more than many assumed, US citizens’ dissatisfaction with inflation and the accumulated price increases over the last few years played a big role in Donald Trump’s election victory last week.
Crucially, the other key component to watch when it comes to US CPI is the so-called “base effects,” or the influence that the reference period has on the overall figure. Last October’s 0.0% m/m reading will drop out of the annual calculation after this week’s reading, opening the door for an increase in the headline year-over-year CPI reading as long as the month-over-month reading comes in higher than that., the exchange rate is on the verge of a breakout to multi-month highs above 154.
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