Analysts at TD Securities are expecting a solid 0.2% m/m print on US core PCE prices in December, leaving the core inflation rate unchanged at 1.9%.
Key Quotes
“We see downside risks to December spending, eyeing a drop of -0.4% versus consensus expectations for -0.2%.”
“Additionally, the market is looking for ISM manufacturing PMI for February to dip to 55.7. We look for a more subdued decline to 56.0.”
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