- Analytics
- News and Tools
- Market News
- Focus on U.S. PCE inflation and spending data for July – TD Securities
Focus on U.S. PCE inflation and spending data for July – TD Securities
TD Securities analysts are expecting the U.S. spending to have advanced at a strong 0.5% m/m pace in July, up from 0.3% in June.
- “In the details, a 0.5% m/m increase in services spending should have been the main driver of the July gain, with a rise in spending on nondurables also helping on the headline.
- Separately, we project headline PCE and core inflation to advance 0.2% m/m each for July. This should keep their annual rates unchanged at 1.4% and 1.6% y/y, respectively. We note, however, that the recent revision to PCE inflation for Q2 raises the odds for softer prints on the annual measures.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
