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With the bar set low for this.......>

US DATA PREVIEW
US DATA PREVIEW: With the bar set low for this morning's Dec CPI (0.1% mean est)
BMO Capital Market's Aaron Kohli and Ian Lyngen say "even a 0.2% MoM print might
trigger an outsized market reaction." An above consensus read, however, may not
be enough for "investors to overcome several months of disappointing inflation
reads," Kohli and Lyngen said. Nevertheless the two would "still consider a
stronger CPI to be a 5s/30s flattener at least as a knee-jerk response to the
read.

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