Argentina's move to expand the peso's trading band is textbook monetary policy expansion—inflation ticks up modestly, but here's the thing: with midterm elections in the rearview mirror, the government's tolerance for near-term price pressure just got a lot higher. The real kicker? This still doesn't qualify as a full currency float. They're easing the leash, not cutting it loose. The question now is whether this measured approach can actually stabilize the peso or if we're just watching a slow-motion devaluation play out. For emerging markets watching Argentina's playbook, the pattern's worth tracking.