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US: Headline CPI inflation to slip back to 2.0% y/y in October – TDS

Analysts at TDS expect US headline CPI inflation to slip back to 2.0% y/y in October, with prices rising 0.1% m/m.

Key Quotes

“Energy prices should be a drag, led by declines in gasoline prices, which should give back some of their hurricane-induced strength. We expect core CPI to print a 0.2% m/m increase — though serial disappointment keeps us cautious. A firmer read in October is possible on a rebound in core goods prices, helped by higher vehicle prices. Shelter prices, which moderated in September, also have scope for a pickup, keeping the upward pull in core services in check. We expect core inflation to be stable at 1.7% y/y.”

USD/CAD: Bears target 1.2700 ahead of US CPI, retail sales?

The USD/CAD pair failed to sustain the recovery attempts, as the sellers continued to lurk, knocking-off the rates back towards 1.27 handle. USD/CAD
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BOE’s Haldane: Trust in central banks has moved downward

The BOE Chief Economist Andy Haldane spoke last minutes at the ECB forum on CB communications conference, noting that the trust in central banks has
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