When previewing the key data for the United States next week, TD Securities analysts They said that food and energy prices probably rose again quite strongly in August, but added that the core CPI probably rose at its slowest pace since February.
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“Rents were back up solidly, but used car prices, which have been going up, declined. Other travel items probably slowed as well. Our underlying forecast of 0.2% is 0.15% before rounding, so we see more risk of 0.1% than 0.3% “.
“Retail sales probably improved in August compared to control readings of -1.1% m / m total / -1.0% m / m in July, but the net result will likely still be a small change in spending from the increase in sales. 11% driven by stimulus in March. The pattern is consistent with the boost to goods spending from fiscal stimulus that has peaked. “
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