UBS On-Air: Paul Donovan Daily Audio 'Trade and tensions'

Markets await US March consumer price inflation data, due for release on Wednesday. Federal Reserve Chair Powell’s 2022 policy errors elevated the importance of consumer price inflation, and thus downgraded the importance of actual, real-world inflation. The details of the inflation data may be important. City-based inflation figures, and the trends in price levels (and inflation) for high frequency purchases are politically relevant ahead of the November elections.