, Columnist
Reminder: Inflation Still Matters More Than Anything
The calm that’s returned to markets could be upset by violent repositioning if a CPI surprise threatens rate cuts.
Markets may be too complacent.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
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Since the last consumer price inflation numbers for the US just a month ago, the political landscape has turned on its head and global markets have endured their biggest scare since the pandemic. So it can be difficult to remember that the inflation numbers due Wednesday still matter a lot. For markets, they arguably matter more than anything else.