On tap: Weekly claims (206k), CPI...>

US DATA PREVIEW: On tap: Weekly claims (206k), CPI (0.2%) and Treasury budget

balance.

- Barclays economists "expect headline CPI to have increased 0.2% on the month

in September (2.4% y/y), driven by energy prices. For core CPI, we forecast an

increase of 0.2% m/m and 2.3% y/y. On the NSA CPI index, we expect a reading of

252.7."

- Deutsche Bank economists put emphasis on CPI as main data focus for the week,

estimating +0.2% for headline CPI and 0.3% for core CPI. "Should our core CPI

forecast hit the mark, the soft patch in the August data would all but be erased

with the year-on-year, six-month annualized, and three-month annualized rates

all snapping back toward their July readings (2.31%, 2.03%, and 2.32%,

respectively)."