US Inflation, ECB Cliffhanger Headline In Busy Macro Week

Inflation data out of the US and a coin toss ECB meeting are this week's marquee events in the macro-policy space. CPI figures for August, due Wednesday, should show a meaningful uptick in the pace of headline inflation, although in this context, "meaningful" just means price growth is set to quicken materially. The update will only be meaningful for the Fed to the extent core inflation is warm too. Consensus suspects the headline gauge rose at the briskest pace since June of last year, when t