Analyst report
🌐 Macro
📊 Neutral
🌍 United States
US Core CPI Rises 0.3% as TD Securities Lifts PCE Forecast to 0.36%
TD Securities economists report persistent inflationary pressure as core CPI hits 0.3% m/m, prompting an upward revision to core PCE estimates amid broad strength in the US economy.
Impact
10/10
💡 Key Takeaways
- Core CPI rose 0.3% month-over-month, marking the second straight month of upside surprises.
- Broad-based gains in goods and services, combined with sticky supercore inflation, are driving higher PCE forecasts.
- TD Securities now projects core PCE at 0.36% m/m, signaling persistent price pressures.
📋 Executive Summary
US inflation surprised to the upside for the second consecutive month, driven by broad-based strength across both goods and services sectors. TD Securities economists noted that elevated supercore inflation is translating into stronger core PCE projections, now estimated at 0.36% month-over-month.
📊 Sentiment Analysis
Sentiment
📊 Neutral
Impact Score
10/10
Region
🌍 United States
Asset Class
🌐 Macro
❓ Frequently Asked Questions
The surprise is attributed to broad-based strength in both goods and services, alongside elevated supercore inflation levels.
The persistent strength in core CPI has led TD Securities to revise its core PCE estimate upward to 0.36% month-over-month.
📰 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.