The analysts of TD Securities analyze the upcoming data on the Consumer Price Index (CPI) and retail sales in the United States.
Retail sales will increase for the third consecutive month in April
“We expect next week's CPI to show a slowdown in core inflation to a 'soft' 0.3% month-on-month pace, after recording a third consecutive sharp increase of 0.4% in March. Headline inflation is likely to rise by 0.3% MoM, despite another notable rise in energy prices Note that our unrounded Core CPI forecast of 0.27% MoM suggests higher risks of a moderate surprise versus a rounded 0 increase. ,2%”.
“We expect retail sales to rise for the third consecutive month in April, opening the second quarter on a good foot. It is likely that the volatility of car and gas station sales will give a big boost to growth, and that the control group will also contribute to squeezing the data, although downward compared to March. We also expect sales at bars and restaurants – the only services component of the report – to remain firm.”
Source: Fx Street
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