The US CPI report is sufficiently soft for the Fed to shift its focus even further towards labor markets and growth. A weak retail sales report today could impact markets more than the CPI did.
Inflation Watch: Any last gasping from the “Inflation zombie” in the cards?
This week’s CPI report aligned seamlessly with our expectations, affirming the anticipated cycle-pattern. Naturally, this begs the question – what lies ahead, and what could break our view? Some additional thoughts for the weekend.
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