Analysts at TD Securities are looking for the US producer prices to edge lower by 0.1% m/m in December, leaving PPI inflation to hold at 2.5% y/y, while core prices (ex. food, energy, trade services) are expected to rise 0.2% m/m.
Key Quotes
“Empire Manufacturing for January is also released at 8:30 ET, with the market consensus expecting the index to hold near last month at 10.0.”
“Looking past the data, there are three Fed officials scheduled to speak on Tuesday. First is Minnesota Fed President Kaskari with an 11:30 ET speech on the regional economy, alongside an economic outlook from George at the same time; Kaplan will also speak at 13:00 ET.”
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