US: Focus on PCE inflation figures – Danske Bank

Research Team at Danske Bank, expects that today the focus will be on the release of the PCE inflation figures for October in the US session.

Key Quotes

“We estimate the PCE core index increased 0.1% m/m implying an unchanged core inflation rate of 1.7% y/y, although it is a close call between 1.7% y/y and 1.8% y/y. We estimate the headline index increased 0.3% m/m, implying a significant jump in the headline inflation rate to 1.5% y/y from 1.2% y/y in October, due mainly to base effects from lower energy prices.”