Traders Brace for U.S. CPI Data Expected at 0.3% Core MoM

Global markets are poised for Friday’s U.S. CPI release, forecast at 0.3% month-on-month core and 3.1% year-on-year. Futures pricing implies a 75% chance of a Fed pause in December if figures meet expectations. Analysts expect services inflation to stay sticky while goods prices cool. A hotter print could renew bond yields above 4.7%, potentially pressuring equities. Traders are reducing leverage and rotating into Treasuries ahead of the data release.