September 12, 2024 11:44 GMT
US DATA: Core PCE Seen Set For A ‘Low’ 0.2% M/M In August (Pre-PPI)
US DATA
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- Initial unrounded core PCE estimates that we’ve seen average 0.17% M/M for August but expect revisions after today's PPI release.
- It follows 0.155% M/M in July and a particularly soft two-month average of just 0.03% M/M in May-June.
- The monthly PCE report isn’t released until Sep 27.
- JPM: 0.13%
- Nomura: 0.13%
- BofA: 0.18%
- GS: 0.20%
- TD: 0.20%
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