
Tomorrow we will find out just how nervous financial markets are about inflation.
The key number of the week comes at 8:30 am ET with the release of core PCE. The consensus is +0.3% m/m but it's on the razor's edge as all estimates are nearly-evenly split between +0.2% and +0.3% with the average at +0.25%. Take that as downward bias to the headline though many in the market will have already priced it in (or maybe I'm overestimating the market).