While hawkish hopes are perhaps too elevated, a surprising CPI report could still drive abnormal volatility in major markets given uncertainty around the FOMC’s near-term path under Kevin Warsh.
US CPI Key Takeaways:
-US CPI expectations: 3.8% y/y headline inflation, 2.8% y/y core inflation
-A surprising CPI report could still drive abnormal volatility in major markets given uncertainty around the FOMC’s near-term path [...]