US and European Inflation Data Shows Cooling Price Rises, Supporting View of Peak Interest Rates
• Inflation gauges in the US and Europe set to show smallest annual increases since early/mid-2021, supporting view that interest rates may not rise further.
• Fed's preferred inflation measures and Eurozone data both due Thursday; expected to show cooling price pressures.
• Fed officials keen to see more evidence that inflation is durably under control before declaring victory.
• US data next week includes GDP revision, corporate profits, consumer confidence, jobless claims.
• Analysts unsure if Canada Q3 GDP will show technical recession; jobs data last major input before December rate decision.