Jam-Packed

Jam-Packed

In addition to the onset of earnings season in the US, the new week brings a jam-packed data docket. June CPI, due Tuesday, is the headliner. Steel yourself for a reinvigorated "transitory" debate. Consensus is looking for a 4.9% YoY increase on the headline, down slightly from May (figure below). The MoM prints will be heavily scrutinized. The June FOMC minutes, out last week, offered little in the way of new information. Policymakers were surprised at what the Committee described as a "la
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