 Markets US CPI eased more than expected in November to 7.1 headline and 6 core inflation. The downside surprise was no more than 2 and 1 hundreds of a percent respectively but it mattered for markets. US short term yields dropped almost 25 bps intraday 2y, outperforming the long end 20 bps in the 10y. ... The post Expect Fed to Raise Terminal Policy Rate to 5 and Perhaps Even More appeared first on Action Forex... 