Inflation may prompt US Fed to hike rate next month

Inflation numbers from the United States tomorrow could be the final ingredient required to convince the Federal Reserve to raise interest rates next month.

Earlier in November a robust report on US employment hardened expectations for the Fed’s first rate increase in nearly a decade and if prices are shown to be rising steadily those views will likely solidify.

Reuters polls see inflation at 1.9% year-on-year, unchanged from the previous reading.