FXStreet (Delhi) - Sean Callow, Research Analyst at Westpac, expects the US Sep headline CPI to slip back into the negative territory to -0.1% y/y, and the m/m measure to move further into the negative to -0.2% as energy prices continue to be a notable drag on inflation.
Key Quotes
“The core measure (ex food and energy) should remain at 1.8% y/y and 0.1% m/m. We will also see the NY Fed’s Empire manufacturing survey. This is expected to rise from very low levels, soft global growth weighing on demand, to -8 in Sep.”
“The Philly Fed survey fell sharply in Aug as the manufacturing sector faced headwinds but should bounce back to -2. Regional Fed presidents continue to speak at various events, with Bullard, Dudley and Mester scheduled today. Most eyes will be on Dudley.”
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