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BMO analysts also noted next week's.........>

US VIEW
US VIEW: BMO analysts also noted next week's "dearth of economic data" will make
"the FOMC Minutes effectively the lone piece of new information ahead of the
long weekend" around Thursday Thanksgiving holiday, "although given that it will
be released after the unofficial early close on Wednesday, any policy insight
will be lost in the rush of Thanksgiving preparations."
- They add "nonetheless, the Fed's thoughts on inflation, or rather the lack
thereof, will provide meaningful context for the statement's observation that
"Inflation on a 12-month basis is expected to remain somewhat below 2% in the
near term but to stabilize around the Committee's 2 percent objective over the
medium term." The Minutes reflect a period prior to last week's +0.2% core-CPI
print, and we assume that with core inflation only disappointing once during the
prior 3 months, that lowflation concerns at the Fed are waning."

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