Analysts at TD Securities suggest that consistent with the Q3 GDP report, they expect US core PCE inflation to rise 0.1% m/m, keeping the core inflation rate at 2.0% y/y.
Key Quotes
“We also look for personal spending and incomes to 0.4%, with upside risk to spending as Q3 real PCE clocked in at a robust 4.0%. The report should leave the Fed on track to hike in December. The Fed is in blackout though President Evans is speaking at 8:45am ET on regional conditions.”
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