Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.
Consensus forecasts expect inflation to have picked up its annual pace to 6.8 percent in the 12 months through November, which would be the highest annual rate since May 1982, when it hit 6.9 percent.
