Some More Soothing Inflation News
A benign CPI and a weaker retail sales print are likely in store
Highlights
The high-frequency data suggest a benign CPI and a weaker retail sales print are in store
Abundant signs of a cooling labor market — layoffs, slower workweek, and a dismal ISM employment subindex
Keep an eye on the BoC meeting results tomorrow (and its implications for the Fed)
Plenty of reasons to still be bond-bullish
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