The Tell: Financial markets may see three-month string of 8.8% inflation readings starting next wee

Spencer Platt/Getty ImagesThe financial market’s most knowledgeable inflation traders are expecting a string of roughly 8.8% annual headline U.S. consumer-price readings over the next three months, starting with the Aug. 10 release of July’s data.While such readings would be below June’s 9.1% reading and support the theory that inflation may have peaked at an almost 41-year high, the expectations of inflation-derivatives traders still adds up to what could be a lot of bad news for the...