It’s all about inflation this week, US inflation specifically. In order to see the significance of Thursday’s PCE print we need to see the context of the US inflation story. So, this article will give a broad skeleton on that context and show what the key focus is going to be. There are finer points to this context that this piece will not focus on in the interests of time considerations. For the last few weeks, the market has been wanting to know when the Fed will pause rates. The Fed has sent mixed messages. Sometimes it seems to stress monetary policy lag, while at others it stresses the need to bring inflation ... (full story)