US: Import prices and jobless claims in focus – TDS

According to analysts at TD Securities, US import prices are expected to have declined for the first time in five months at -0.2% m/m in May, which would bring the annual rate lower to -1.2%, a notable drop from -0.2% y/y in April.

Key Quotes

“Jobless claims should remain subdued at a soft 215k for the week of Jun 8, largely unchanged vs the previous week.”