Volatile job numbers, stubborn inflation and changes to the Fed’s communications style are all stirring up uncertainty in markets and raising the stakes for upcoming economic data releases — including this week’s inflation report. Warsh has stated his preference that the Fed communicate less and let markets do more of the work in reading economic data and adjusting accordingly. There will be a series of other economic data releases across the next month before the Fed convenes in mid-September. Still, Wednesday’s inflation report takes on heightened significance in light of the weak jobs report on Friday. At Barclays, Jefferies, Morgan Stanley, Truist and UBS, economists expect the Fed to keep rates steady for the remainder of the year.