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Salient data highlights for.........>

US DATA PREVIEW
US DATA PREVIEW: Salient data highlights for Wednesday (estimates): Nov CPI (.3%
prior, 0.0% estimate); $24B 10Y note auction.
- RBC/NatWest economists said the decline in gasoline prices is likely to "weigh
on CPI" offsetting a "relatively-strong 0.2% (0.236%) increase in the core
index, leading to a flat headline CPI figure in November." RBC said their
"forecast for the overall CPI index would pull the year-over-year growth rate
down to 2.2% in November from 2.5% in October."
- Nomura economists "expect core CPI to increase a steady 0.2% m-o-m and
industrial production to highlight healthy ongoing momentum in industrial
activity in November."

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