Bob Elliott
· Nonconsensus
· July 12, 2026 at 22:06
| Read on Substack ↗
Summary
The article previews a heavy week for US economic data releases, with inflation, retail sales, and production prints all scheduled. It flags inflation as the most important metric to gauge whether current levels remain high enough to influence policy expectations.
•Three major US hard data releases are due: inflation, retail sales, and production.
•The inflation print is singled out as the most interesting data point for the week.
•The author frames the inflation data in terms of whether it is 'high enough' — implying focus on persistent or reaccelerating price pressures.