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Analysts On Early Core PCE Estimates

US OUTLOOK/OPINION

With the usual caveats that they’ll be updated after PPI, some analysts eye a further moderation in core PCE in November after 0.16% M/M in October.

  • JPM see 0.07% M/M
  • NWM see 0.1% (and see greater risk of a 0.0% than a 0.2%)
  • GS see 0.14% M/M
  • Wrightson ICAP still see core PCE rounding down to 0.2% M/M

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