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

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."