16 Nov 2015
Key US CPI's are this week - TDS
FXStreet (Guatemala) - Analysts at TD Securities explained that in the US the big data release this week is October CPI on Tuesday.
Key Quotes:
"We expect the headline consumer price index to rise at a relatively decent 0.2% M/M pace in October, ending two consecutive months of declines. Higher energy (up 0.7% M/M) and food prices (up 0.3% M/M) should more than offset the more subdued tone in core consumer prices. On a year ago basis, TD’s forecast is for the pace of consumer price inflation to accelerate, rising to 0.1% Y/Y from the flat print the month before.
Core inflation, however, should remain somewhat subdued, eking out a fairly modest 0.1% M/M rise, with the annual pace of core inflation decelerating to 1.8% Y/Y from 1.9% Y/Y. The overall tone of this report, however, should be broadly constructive, reflecting some stabilization in the inflationary backdrop as the past run-up in the dollar and lagged impact for the drop in energy prices run their course."
Key Quotes:
"We expect the headline consumer price index to rise at a relatively decent 0.2% M/M pace in October, ending two consecutive months of declines. Higher energy (up 0.7% M/M) and food prices (up 0.3% M/M) should more than offset the more subdued tone in core consumer prices. On a year ago basis, TD’s forecast is for the pace of consumer price inflation to accelerate, rising to 0.1% Y/Y from the flat print the month before.
Core inflation, however, should remain somewhat subdued, eking out a fairly modest 0.1% M/M rise, with the annual pace of core inflation decelerating to 1.8% Y/Y from 1.9% Y/Y. The overall tone of this report, however, should be broadly constructive, reflecting some stabilization in the inflationary backdrop as the past run-up in the dollar and lagged impact for the drop in energy prices run their course."