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Inflation: The US Federal Reserve’s preferred inflation metric, the core personal consumption expenditures price index, which strips out volatile food and energy costs, is expected to have risen 0.2 per cent in November, taking the annualised price growth rate down to 3.3 per cent from 3.5 per cent.
Consumer sentiment: The University of Michigan will release the final reading of its consumer sentiment index for December, which is projected to hold steady at a reading of 69.4.
Housing: Sales of new homes in the US are forecast to have ticked up to an annualised rate of 685,000 in November, up from 679,000 in October.
Durable goods: New orders for non-defence capital goods excluding aircraft, a proxy for business investment, are forecast to have increased 0.2 per cent in November after falling 0.3 per cent in October.
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