According to analysts at TD Securities, in line with the CPI print and maintaining its recent pace, they are expecting the US core PCE inflation to have advanced 0.2% m/m in January.
Key Quotes
“This should keep the annual rate slightly below 2% for a fourth straight month. Conversely, personal spending should have bounced back from December’s large 0.5% contraction. We pencil in a 0.4% jump but see scope for a smaller increase. Personal income is also expected to have rebounded and advance 0.3% m/m in February.”
“Also out Friday, March’s Chicago PMI, new home sales data for February and the final release of UMich’s sentiment March report.”
Share
