Analyst report
🌐 Macro
📊 Neutral
🌍 United States
TD Securities Cuts September PCE Forecasts to 0.32% Core and 0.49% Headline
TD Securities economists Eli Nir and Oscar Munoz lower their September core PCE forecast to 0.32% and headline PCE to 0.49% following softer PPI data.
Impact
10/10
💡 Key Takeaways
- Core PCE forecast revised down to 0.32% month-on-month.
- Headline PCE projection lowered to 0.49% month-on-month.
- Revisions driven by weaker-than-anticipated PPI components relevant to PCE calculations.
📋 Executive Summary
TD Securities economists Eli Nir and Oscar Munoz have revised their September PCE inflation projections downward. The adjustment follows weaker-than-expected data within the producer price index (PPI) components that typically influence personal consumption expenditures.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
10/10
Region
🌍 United States
Asset Class
🌐 Macro
❓ Frequently Asked Questions
The economists adjusted their projections downward after observing weaker-than-expected data in PPI components that are used to calculate PCE inflation.
📰 Source
📅 Originally published:
⚠️ Disclaimer: This content is for training purposes only and should not be considered financial advice. Always conduct your own research before making investment decisions.