US: CPI inflation expected to slow to 2.4% y/y in September - TDS

According to analysts at TD Securities, US CPI inflation is expected to slow to 2.4% y/y in September from 2.7% by both TD and the wider market, reflecting a 0.2% increase on the month.

Key Quotes

“Core CPI should also print at 0.2% m/m on the strength of apparel and medical services, which would see core inflation edge higher to 2.3% y/y.”

“Initial jobless claims will round out the data calendar with the market looking for an unchanged 207k for the week of October 6.”