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A falling trend in US inflation continued in December. The reductions in core and headline CPI were in line with forecasts, driving a choppy reaction on forex.
Despite markets continuing to price for more Fed rate hikes, major equity markets remain buoyant. The glass seems to be half full on Wall Street as positive US data points to a softer landing for the US economy.
A quick agreement among Conservative MPs has allowed Rishi Sunak to become the latest UK Prime Minister. He comes with a fiscally prudent reputation which financial markets have welcomed. However, can it last?
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