Morning Bid: British CPI first, then it’s over to Jerome

Clubcard branding is seen next to shoppers inside a branch of a Tesco Extra Supermarket in London, Britain, February 10, 2022. REUTERS/Paul Childs Acquire Licensing Rights A look at the day ahead in European and global markets from Tom Westbrook Jerome Powell has a needle to thread today between markets eager to call a peak in interest rates and the rising energy costs that are leading an unwelcome comeback in inflation. If Fed members also stick with June projections for rate cuts in 2024, then his explanation job gets even trickier as he will be pressed to lay out the…