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At first glance, this week's economic calendar is rather light, with Wednesday's Consumer Price Index (CPI) function as the only upper-tier report concerning potential market movement. Even thenwe haven't viewed as much of a reaction to examples compared to CPI reports in 2017 and 2018. Chalk that up to how Core y/y CPI has dropped from early 2018 highs and leveled off at the”safe” 2.1-2.3percent array. Investors now don't see any real prospect of a recurrence to 1.7percent in the near future, nor are they too concerned about a rest over 2.3%. Were both of these things to occur in the next few weeks, the market's willingness to respond would ramp up. Wednesday's prediction is for 2.1%.