US This week is all about inflation. Annual inflation will tumble as energy prices drop and due to base effects, but many traders will pay close attention to the core readings. CPI on a monthly basis is expected to increase by 0.3%, higher than May’s pace of 0.1%. The headline annual reading is expected to fall from 4.0% to 3.0%. The monthly core reading is expected to rise 0.3%, while the year-over-year reading softens to 5.0%. Expectations are for pricing pressures to edge higher going forward. The upcoming week is filled with Fed speakers and the Wednesday release of the Beige Book. On Monday, we hear from Barr on ... (full story)