Something for your Espresso: Shooting at the fish in the barrel
We anticipate progress to be seen in today's US CPI report and lean dovish before today's print. Meanwhile, Japan's monetary policy regime faces speculative positioning and in contrast here to Brazil seems to have successfully defeated the inflation ghost
Good morning everyone!
A big day is upon us with the CPI report today!
We have been all about it leading up to today and lean dovish here on the back of base effects and expect encouraging signs in everything from services, rent to used- cars. Inflation volatility has been steadily declining and street estimates are pretty much aligned:
Chart 1: Street Estimates via Bloomberg
We anticipate progress to be seen in today's US CPI report and lean dovish before today's print. Meanwhile, Japan's monetary policy regime faces speculative positioning and in contrast here to Brazil seems to have successfully defeated the inflation ghost
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