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It's always nice to get a break from the Federal Open Mouth Committee's chattering. The FOMC participants' blackout period started yesterday and will last through Friday, December 15.
Along the way this week, November's ISM Services PMI will be released on Monday. It should remain above 50.0 confirming that consumers have pivoted from buying goods to buying more services. Nevertheless, we will be looking for some moderation in the survey's prices-paid index. November's PPI will be released on Friday of this week. It should also confirm that inflation is moderating, albeit slowly.
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