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US: Rebound in wage growth likely – Danske Bank

FXStreet (Delhi) - Research Team at Danske Bank, suggests that Fed's preferred measure for wages, the employment cost index, for Q3 will be published today and the consensus is looking for a rebound in wage growth to 0.6% q/q after the dip to 0.2% in Q2.

Key Quotes

“The Fed's preferred inflation measure, PCE inflation, is also released. We expect core PCE to increase 0.2% m/m taking annual core inflation to 1.4%. We look for another monthly decline in headline inflation of -0.1% m/m and annual PCE inflation of 0.2% y/y. University of Michigan consumer confidence and Chicago PMI are due for release as well.”

EUR: Negative CPI numbers likely to be history – TDS

Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the days of negative CPI readings in the euro area are numbered.
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US: Multitude of data sets to steal the limelight – TDS

Annette Beacher, Chief Asia-Pac Macro Strategist at TD Securities, suggests that the US employment cost index is forecast to accelerate to +0.8% (mkt +0.6%) in Q3, reinforcing the stability in underlying inflation.
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