US futures are pointing to a flat open as of 04:45 ET. European equity markets are higher, following a positive session in Asia. The CPI numbers are to take the spotlight today ahead of the Federal Reserve meeting. Core CPI expected to print at 4% y/y, and Headline CPI for November expected to come in unchanged as it did in October. Markets continue to price in a near-100% chance of a hold at the FOMC meeting.

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