19 Feb 2016
US CPI inflation likely unchanged at 2.1% y/y – Danske Bank
Research Team at Danske Bank, suggests that the US CPI inflation figures for January are due today.
Key Quotes
“Though FOMC is targeting PCE core inflation, it is also monitoring the development in CPI core inflation. PCE core has been subdued in recent years, but the trend in CPI core has been upward sloping and thus more encouraging for the Fed. In line with consensus, we expect that CPI core rose 0.2% m/m in January leaving the annual growth rate unchanged at 2.1% y/y.”
Key Quotes
“Though FOMC is targeting PCE core inflation, it is also monitoring the development in CPI core inflation. PCE core has been subdued in recent years, but the trend in CPI core has been upward sloping and thus more encouraging for the Fed. In line with consensus, we expect that CPI core rose 0.2% m/m in January leaving the annual growth rate unchanged at 2.1% y/y.”