U.S. Key Data Coming Up - TDS
Analysts at TD Securities explained that the main US data release this
week is CPI on Tuesday and on Wednesday the minutes of the April FOMC
meeting are released.
Key Quotes:
"We expect higher gasoline prices to push headline CPI up to 0.3% M/M,
the same as consensus. This would be the fastest monthly pace since May
last year, bringing to an end a prolonged period of soft headline
inflation performance. Core inflation, however, should remain subdued
following the weak performance in March; we expect 0.1% M/M (consensus:
0.2%).
"Even though that meeting was devoid of any fireworks, the minutes of
the meeting will provide some crucial direction to the markets on the
Fed’s assessment on the outlook for growth and inflation, as well as the
prospects for a near term hike. TD expects the tone of this report to
be dovish, reflecting the continued uncertainty about the outlook and
the cautious approach to policy normalization."
