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15 Oct 2015
US CPI likely to fall into negative territory - Westpac
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.”
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.”