Tomorrow we will find out just how nervous financial markets are about inflation.The key number of the week comes at 8:30 am ET with the release of core PCE. The consensus is +0.3% m/m but it's on the razor's edge as all estimates are nearly-evenly split between +0.2% and +0.3% with the average at +0.25%. Take that as downward bias to the headline though many in the market will have already priced it in (or maybe I'm overestimating the market).Other inflation numbers to watch:PCE core year-over-year expected at 2.8%, the same as last monthPCE expected at 0.3% m/m and 2.7% y/yThe focus is going to be on core and in particularly core services ex-housing but don't discount the headline number.
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