Following a solid jobs report last week, investors this week will turn their attention to inflation which, to say the least, has been more of a problem this year. We expect this Friday’s CPI report to show a 0.6% increase in prices overall and 0.4% excluding food and energy. On a year-over-year basis, we are looking for headline inflation to fall from 8.2% to 8.1% and for core inflation to drop from 6.1% to 5.7%.
