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US equity markets were muted Tuesday as traders await key inflation data. November’s consumer price index (CPI) report will drop tomorrow before the open, followed by the producer price index (PPI) report on Thursday morning. 

A quick recap of expectations for tomorrow: 

Analysts are anticipating November’s annual CPI figure to come in at 2.7%, a moderate uptick from October. Core CPI, which excludes volatile food and energy prices, is projected to show a 3.3% annual increase and a 0.3% month-over-month increase in November. 

Housing costs will be in focus tomorrow after the…

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