United States: Core inflation stays contained as goods soften – TD Securities
TD Securities economists Oscar Munoz, Eli Nir, Gennadiy Goldberg and Molly Brooks expect August Core CPI to rise 0.19% m/m, with services driving gains and core goods offsetting. They project Core CPI at 2.3% y/y and Headline CPI steady at 3.4% y/y.
Core inflation in the United States remained stable in August, as expected by TD Securities economists Oscar Munoz, Eli Nir, Gennadiy Goldberg, and Molly Brooks. Inflation in services drove the gains, while core goods prices offset the increase, resulting in a 0.19% month-over-month rise in core CPI. The core inflation rate is projected at 2.3% year-over-year, while headline inflation stays steady at 3.4%.
The main risk factors for forecasts are perceived tariff-sensitive declines in goods, with an expectation for core inflation to ease in Q3 before accelerating in Q4.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
