The Week Ahead – US retail sales, GBP, JPY, NZD and CAD CPI, China GDP and German PPI
Nomura – The Week Ahead
The Fed's Blackout Period
Core CPI came in just below 16 basis points, which is below a 2% annualized pace. We wouldn't say that this report reflects a new run rate for inflation. In our view, the FOMC is still likely to hike in July and one positive report isn't going to dissuade them.
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