All eyes on US CPI
• Quiet trade. US equities & the USD consolidated, while yields slipped back a little. The AUD ticked up, although this follows last week’s negative run.• US inflation. US CPI released tonight. There are a few push-pull factors are play this month. Reaction in US yields & the USD is likely to be binary.• Event risks. The calendar is packed with other releases the next few days. China data batch & AU wages due tomorrow, & US retail sales is tomorrow night. It has been a subdued start to the week across markets with investors marking time ahead of the...