Incoming data shows many drivers of inflation not that "sticky" = Fed might have less work than consensus expects

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In past month, incoming data has shown inflation is not that "sticky"

This coming week, the most important economic data will be the June CPI report. Street consensus is looking for a "hot" number of 1.1% or more and this would push CPI YoY to 8.8% (an all-time high). As many are aware, this is a backwards looking measure, and many forward looking indicators point to much weaker inflation prints in ...

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