Home > News > Forex News > Detail
Bookmark and Share

US: Annual core inflation to stay unchanged at 2.4% - TD Securities

2019-10-10 01:40    FXYEAH

"We look for headline Consumer Price Index (CPI) to tick up a tenth to 1.8% y/y in September (0.1% m/m) despite another monthly decline in energy prices," said TD Securities analysts previewing Thursday inflation data from the United States.

Key quotes

"In effect, we expect a close-to -1% decline in gasoline prices to act as a drag for the non-core segment. Conversely, core inflation should stay unchanged at 2.4% y/y, reflecting a firm 0.2% m/m advance — though slightly softer than in Jun-Aug, as core goods inflation likely lost some steam on a monthly basis."

"That said, a steady 0.2% m/m gain in services should support core prices in September. We anticipate OER to advance at 0.3% m/m, up from two consecutive 0.2% monthly gains, but for the ex-shelter segment to slow modestly on a monthly basis."

0 traders reviewed this item, please leave a reply!

About FXYEAH | Broker Listing | Contribute | Contact Us | Sitemap | TagCloud
Disclaimer: All contents of site are only for your reference, don't suggest you do any investment decision, you should be responsible for your decision.