Pre-Trading Thoughts

United States inflation slowed to its lowest level in a year in December, to 6.5% from 7.1% in November, largely on the back of falling gas prices, raising hopes that this will prompt the US central bank to again slow the pace of rate hikes in its coming meeting to 25 bps on February 1. Signs that inflation may have peaked in the US and that monetary tightening could ease are prompting investors to pile into emerging-market sovereign debt in 2023 following a tough year. EM sovereign debt has ...