The Biden administration will try to fend off blame for the highest U.S. inflation in decades as the numbers released tomorrow will be higher than 8%. godbole17 reports.
,"bringing inflation down is of paramount importance." Brainard struck a hawkish tone, favoring interest rate increases and a rapid balance sheet runoff to bring U.S. monetary policy to a"more neutral position" later this year.
It remains to be seen if investors take cognizance of the White House's view and remain calm in case of an above-8% CPI print. A big miss on expectations could restore risk-on sentiment in markets.
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