US Import Prices: Look for a below consensus print of 0.3% m/m, or –4.8% y/y - TDS

Research Team at TDS, suggests that the US import prices are expected by the market to increase by 0.5% m/m in June which should help the year-ago decline in prices improve to 4.6% from 5.0%.

Key Quotes

“TD looks for a below consensus print of 0.3% m/m, or –4.8% y/y. Later in the afternoon we will receive an updated Beige Book from the Fed, giving us a glimpse of economic conditions ahead of the July 27 FOMC meeting.”