What does Fed deliver and what is in the price?

Today's slide deck:  https://bit.ly/33xuBiY   - Today we look at the reaction to yesterday's release of the very hot US November producer price inflation data and the modest reaction in Fed rate expectations as we ponder what tonight's FOMC meeting will deliver and how the market will react, given what is already priced in. Also, a look at the latest spike in EU natural gas prices and key equity stories for the days ahead, including earnings from software giant Adobe. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX. Intro and outro music by AShamaluevMusic