15 Dec 2015
US CPI likely to print flat number – TDS
FXStreet (Delhi) – Research Team at TDS, suggests that the Tuesday’s US CPI inflation for November will be the last major data release before the FOMC meeting.
Key Quotes
“TD expects a flat reading of 0.0% m/m for headline, in line with consensus. We expect 0.1% m/m for core (consensus: 0.2%), with subdued commodity prices offsetting an increase in core service costs.”
“The Empire manufacturing survey for December is expected to remain negative as business conditions deteriorate. The market consensus is for a –7 reading; TD is less bearish and expect the survey to come in at –2. Lower-level data releases include: NAHB Housing Market Index (December) (TD: 64, consensus: 63), and TIC flows (October).”
Key Quotes
“TD expects a flat reading of 0.0% m/m for headline, in line with consensus. We expect 0.1% m/m for core (consensus: 0.2%), with subdued commodity prices offsetting an increase in core service costs.”
“The Empire manufacturing survey for December is expected to remain negative as business conditions deteriorate. The market consensus is for a –7 reading; TD is less bearish and expect the survey to come in at –2. Lower-level data releases include: NAHB Housing Market Index (December) (TD: 64, consensus: 63), and TIC flows (October).”