Stubborn To The Core

Inflation figures due out of the US this week will probably underscore the Fed's contention that it's too early to say whether consumer price growth across the world's largest economy is well and truly on a sustainable path back to 2%. Core prices likely rose 0.3% for a third straight month in October, according to consensus. Headline price growth should be slower. Jerome Powell and his merry band of accomplices spent much of last week insisting on their tenacity and resolve in the fight again