Market Briefing: Volatility falls in the run-up to an eventful week
The dollar is setting up for a third day of losses even as markets prepare for an onslaught of potential volatility catalysts in the week ahead. Economists think the US will report a 7.3-percent rise in headline consumer prices when it drops November’s data on Tuesday – confirming a steady easing in inflation pressures. The Federal Reserve is expected to announce another half-percentage-point hike on Wednesday, and publish an updated set of policy projections showing a gradual deceleration in coming months. The European Central Bank and Bank of England will probably deliver their own half-point hikes on Thursday. Traders will...