U.S CPI: Has inflation already peaked?
Right, a big week for markets really starts today and inflation will be at the heart of it...
Markets began pricing lower growth based on the dots & Fed tightening earlier than expected to combat inflation.
(i.e. they're so afraid of inflation they will abandon the employment side of the picture entirely to stop inflation from getting out of hand...)
Now, this months inflation data should see a slightly lower print, (both MoM & YoY) but that doesn't mean they're out of the woods.
Team transitory haven't won anything yet and this entire game is not about predicting whether