The consensus is for today's Nov final-demand PPI to rise slightly to +1.2% y/y from Oct's +1.1% and for the core PPICPI to edge higher to +1.7% y/y from Oct's +1.6%. Yesterday's Nov CPI rose to +2.1% from Oct's +1.8% and was slightly stronger than expectations of +2.0%, but the core CPI was in line with expectations at unchanged from Oct's +2.3%.
Is the Fed in neutral?
Big meeting in the White House today about tariffs.
Dimon expects a phase one deal.
ECB meet today and is expected to leave rates unchanged.
Wall Street is being hunted by the CFTC.
China unveils plans to make Macau a financial hub.
Warren's tax plan would raise much less revenue than she estimates.
Germany rejects US steps over Russia's Nord Stream 2.
Dallas Fed President Kaplan speaks in New York 0700 hrs cst
Empire Manufacturing expected 4.0 v. 2.9 prior 0730 hrs cst
Markit US Composite MPI 52.0 prior 0845 hrs cst
Markit US Manufacturing PMI expected 52.6 v. 52.6 prior 0845 hrs cst
Markit US Services PMI expected 52.0 v. 51.6 prior 0845 hrs cst
NAHB Housing Market Index expected 70 v. 70 prior 0900 hrs cst
3-month bill auction ($42b)
6-month bill auction ($36b)
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