THINK Ahead: The calm before the CPI
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https://think.ing.com/articles/think-ahead-the-calm-before-the-cpi/
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The desk posits that the current inflation landscape suggests we may be on the cusp of experiencing a 'second wave' of inflationary pressures, reminiscent of historical patterns. Per the full note from ING Economics, there is increasing concern that inflation may be more persistent than previously anticipated due to a mix of factors including supply chain disruptions and elevated consumer demand. Notably, core inflation metrics remain elevated above central bank targets, with recent readings illustrating that inflationary dynamics are proving to be sticky. While no high-impact calendar events loom ahead, traders should stay mindful of evolving trends that could impact monetary policy.