Inflation is still too highWe may need to consider rate hikesCore inflation is elevated, it's not just an energy storyWill go into meeting with an open mind, won't prejudge outcomesSees a broad based story for high inflationCore services inflation has been highThere is concern about what high rates could do to the economy more broadlyIt's important that central banks are transparent about the reaction functionOil coming down has cooled the talk about high inflation but there's also a growth story that's not quite appreciated for the market as there are cyclical forces helping in transport, industry, construction and perhaps housing. This article was written by Adam Button at investinglive.com.