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Inflation gauges in EU and US to be in the limelight – Danske Bank

FXStreet (Edinburgh) - Kasper Kirkegaard, Chief Analyst at Danske Bank, remarks today’s inflation releases in the euro area and the US economy.

Key Quotes

“In the euro area, the main event will be the release of preliminary German consumer prices for September”.

“We expect HICP inflation to stay unchanged at 0.8% y/y but for the euro area as a whole we still expect the inflation data, released tomorrow, to show that inflation in September eased to a new cycle low of 0.3% y/y on the back of lower energy prices”.

“In the US focus will also be on inflation with the release this afternoon of the PCE-deflator- Fed’s preferred inflation measure”.

“We expect inflation to ease to 1.4% y/y in August from 1.6% y/y, underscoring the inflationary pressure has again started to ease and that inflation remains below Fed’s 2% target”.

“Personal consumption is expected to have increased a solid 0.5% m/m in August despite relatively subdued income growth”.

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