Analysts at TD Securities are on-consensus for the US CPI inflation to edge lower to 2.8% y/y, with prices up 0.3% m/m on energy and a 0.2% m/m increase in the core, offset by weaker food prices.
Key Quotes
“This should leave core inflation unchanged at 2.4% y/y (market: 0.2% m/m, 2.4% y/y), although we view risks as tilted to the upside for both headline and core.”
“Initial jobless claims for the week of September 8 are expected to rebound to 210k by the market while a 13:00 ET speech by Atlanta Fed President Bostic will round out the calendar.”
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