Weekly Talking Points - Waiting for PCE, then the Fed

Our round-up of what to expect in the coming week and the key events of last week. The focus will be on the PCE reading in the US this week, the Fed's favourite inflation measure. The Bank of Canada meets this week as well, and Tokyo CPI may offer the BoJ some inflation indication ahead of their meeting at the end of July. Our regular Spotlight feature looks at the Baltic Dry Freight Index and global transportation as clues to economic activity. Our Review section looks at the ECB keeping rates on hold, UK CPI and US retail sales. To read more please subscribe.