US: Core PCE and manufacturing PMI in focus - TDS

Analysts at TD Securities are expecting a solid 0.2% m/m print on US core PCE prices in December, leaving the core inflation rate unchanged at 1.9%.

Key Quotes

“We see downside risks to December spending, eyeing a drop of -0.4% versus consensus expectations for -0.2%.”

“Additionally, the market is looking for ISM manufacturing PMI for February to dip to 55.7. We look for a more subdued decline to 56.0.”