Analysts at TD Securities are looking for US headline PCE to accelerate to 2.2% y/y in May while core PCE inflation should edge higher to 1.9% y/y – the highest rate since early 2017 (market: 2.2%, 1.9%).
Key Quotes
“Both reflect increases of 0.2% m/m with energy and food prices offsetting each other. Personal spending should see an on-consensus 0.4% gain, consistent with Q2 consumer spending above a 3% pace.”
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