Indices 10/10, page-73

CPI should see marginal change. 7.9% maybe on the low side. PCE will show spending continuing and consumers havent slowed down much. That should push the FED to .75% even tho they would rather see solid slowdown somewhere and say that future rate rises should start to be .5%.
If there actually is a marked slow down in CPI and PCE, then FED should say .5's in the future - data dependent. Which would rally markets higher into the new year for a bit. I dont see that happening but even .75% in Nov will have MSM saying .5% from now on as .75% is too big. I dont think it matters in the big scheme of things. Bond markets are screwed. CBs soon to realise they were the lender of last resort and thus, must still be.