Key Events This Week: CPI, PPI, Retail Sales Most traders may be out on the beach soaking up the mid-summer sun, but the relentless market and geopolitical newsflow continues for another week. Following Friday's payrolls report, which was far more dovish than hawkish at face value, attention this week will be firmly on July US CPI (Wednesday), which could go a long way towards further tipping the balance for September FOMC pricing. Futures pricing fell by around 10 percentage points immediately after the release on Friday, leaving the implied probability at 44%. Then we get US PPI (Thursday), which is key for the components that feed directly into core PCE. Other US highlights include retail sales and the preliminary...
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