Monthly charts: How high to tighten FCIs?

This Deutsche Bank monthly charts report focuses on the US economy and policy outlook. The labor market shows stability with risks: payroll gains have picked up and are around or slightly above breakeven (DB estimates monthly breakeven payrolls at around 40-50k), the unemployment rate was 4.18% in September, and wage growth is generally moderating. On inflation, core PCE was revised down more substantially than expected, but demand remains the most important inflation driver and disinflation is in doubt;