US: PPI inflation to ease to 2.7% y/y - TDS

Analysts at TD Securities suggest that September PPI of US will give an update on pricing pressures in the industrial sector ahead of Thursday's CPI report.

Key Quotes

“The market looks to PPI inflation to ease to 2.7% y/y from 2.8%, reflecting a 0.2% m/m increase, while core PPI is expected to firm to 2.6% y/y due in part to base effects.”

“Looking past PPI, Chicago Fed President Evans will speak about the economic outlook and monetary policy at 12:15 ET. Atlanta Fed President Bostic is also scheduled to speak on the outlook but his comments will come after the close at 18:00 ET.”