On inflation metrics, TD............>

US DATA PREVIEW: On inflation metrics, TD Securities economist said they are

"looking for an on consensus print of 2.5% for the yoy headline CPI (or 0.2%

mom) and 2.2% on yoy core CPI (or 0.2% mom)," while "focus will be on the

details of the inflation report, and another solid reading can justify

breakevens trading near the upper end of the trading range." 

- Nomura economists are expecting a "steady 0.2% (0.169%) m-o-m increase in

April's core CPI report" ... to be "partly weighed down by softness in core

goods prices, bringing the y-o-y rate to 2.2% (2.193%) from 2.1% previously."

Nomura's "forecast is consistent with our expectation that core inflation will

pick up only gradually after moving past the base effects from large declines in

wireless telephone service prices in March 2017." 

- Morgan Stanley economists said they expect "a 0.16% gain on core CPI in April,

slightly below the 0.18% increases in March and February. Within the core, we

see core goods continuing to deflate mildly at -0.1% (after -0.1% in March)."