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Analysts at TD Securities suggest that the US October PPI is projected to reveal a moderation in producer-level pricing pressures, with consensus looking for the headline index to edge lower to 2.5% y/y, which reflects a 0.2% increase on the month.

Key Quotes

“Preliminary University of Michigan Sentiment for November will round out the week’s data flow; the market consensus expects the headline index to drift lower to 98.0 from 98.6, which remains highly elevated on a historical basis.”

“Fed speakers include Williams and Harker, along with Quarles who is speaking on stress testing. The Fed also releases its inaugural Supervision and Regulation report.”