More bank previews ahead of.........>

US DATA PREVIEW: More bank previews ahead of tomorrow's US CPI release.

- Credit Suisse analysts note after a strong 0.3% m/m print in January, they

think core CPI will slow but remain solid at 0.2% in February. They expect

headline CPI to also rise 0.2% m/m. Gasoline prices declined slightly in

seasonally adjusted terms, but food prices have firmed in recent months.

Although we're looking for core inflation to slow, 0.2% is still a solid print.

- RBC say following very firm reads in both headline and core prices in the last

go-around, we expect a much more modest outcome this month. Indeed, we

anticipate 0.1% gains in both metrics, which leaves core prices just shy of the

2% mark. Gasoline will play no role this month, as the modest advance was just

shy of the anticipated seasonal change.

- Scotiabank expect headline CPI of 2.2% y/y and +0.2% m/m seasonally adjusted

(2.1% / 0.5% prior) and core CPI unchanged at +1.8% and up by 0.2% m/m (1.8% /

0.3%) prior).

- TD Securities expect headline CPI to accelerate to 2.2% y/y, with core CPI

printing a 0.2% m/m increase which should push the y/y pace to 1.9%.