Nomura economists led by Lewis......>

US DATA PREVIEW: Nomura economists led by Lewis Alexander eyed Friday 8:30aqm ET

US Sept. CPI. "Given higher energy prices and a decent increase in core

components, we expect headline CPI to rise strongly by 0.7% (0.672%) m-o-m in

September, which would translate into y-o-y rate of 2.3% (2.346%) on a y-o-y

basis (Consensus: 0.6% m-o-m, 2.3% y-o-y)," they said.

- They add that Sept core CPI (excluding food and energy) to "rise decently by

0.2% (0.235%) m-o-m for September (Consensus: 0.2%), following a 0.248% gain in

August. While the recent hurricanes pose greater-than-usual uncertainty, we

think that the landfall and aftermath of Hurricanes Harvey and Irma point to

upside risks to core inflation. If our forecast is realized, the 12-month change

of core CPI would inch up to 1.8% (1.805%) from 1.7% (1.687%) (Consensus:

1.8%)."

- "While we see some downside risks to the medium-term inflation outlook, the

transitory boost due to the hurricanes likely pushed up core inflation in

September. Our forecast for CPI NSA is 247.091 (Consensus: 246.920)," they said.