Market Extra: Traders see next U.S. CPI reading close to 7% as volatile markets try to shake off omicron and Federal Reserve’s hawkish pivot
Marketwatch -

MarketWatch photo illustration/iStockphotoFinancial markets, still on a rollercoaster ride given the unknown impact of the coronavirus omicron variant and the Federal Reserve’s hawkish turn, may be in for a fresh surprise when the next U.S. consumer price index report is published Friday.Traders of derivatives-like instruments known as “fixings” are betting that the headline, year-over-year CPI reading for November will rise by 6.9%, which would be the highest inflation level in almost four...

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