Really All You Need To Know

Really All You Need To Know

CPI "loomed large," someone said Tuesday, I'm sure. That's not an actual quote from anyone but absent something meaningful to say, it's standard operating procedure to resort to boilerplate copy that references the nearest top-tier data. Ahead of this week's update on US inflation, journalists had the luxury of being sandwiched between NFP (last week) and a CPI report which will either support the "overshoot" narrative or else bolster the Fed's "transitory" talking points. It's easy to craft a
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