QVMS - U.S. And China's October Inflation Featured In The Week Ahead

• From the RBA and ECB to the Bank of England and Federal Reserve, the central banks pushed back against the dramatic backing up in short-term rates with varying degrees of adamance.
• Attention now turns from central bank meetings to economic reports that will influence future monetary policy.
• US inflation and inflation expectations are elevated, but they are not accelerating.
• The reduction of the emergency transfer payments means several hundred billion dollars of less fuel for consumption.
• In stark contrast to the inflation worries in Europe, North America, and many emerging markets, China's consumer price pressures are modest no matter how the data is sliced or diced.

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