Reminder: The distinction between an inflation peak and plateau

  • Counting down to the US CPI data release at 1230 GMT

Well, we're less than 1.5 hours to the main event this week and it's always best to be reminded of the big picture every now and then. Everyone will be looking at whether or not the numbers are going to be a hit or a miss later but if they are within estimates, we are still dealing with 8% (!) inflation in the US. Anyone remembers what the Fed mandate is again?

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