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US DATA: Core PCE Seen Set For A ‘Low’ 0.2% M/M In August (Pre-PPI)

US DATA
  • 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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  • 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%
A graph of different colored lines

Description automatically generated