Analysts at TD Securities are looking for the US headline inflation to remain unchanged at 1.7% y/y in October, partly aided by an increase in energy prices, while core inflation should decline a tenth to 2.3% y/y.
Key Quotes
“In particular, we expect core goods inflation to recover m/m, but for core services inflation to slow to 0.2% m/m after four straight increases at 0.3%.”
“Conversely, we expect Chair Powell to largely reiterate the FOMC policy message that monetary policy and the economy remain “in a good place” at the start of his two-day visit to the Hill on Wednesday.”
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