HALISTER1: U.S. ECO PREVIEW: CPI, Retail Sales Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News.

Retail sales 0% m/m; range -0.3% to 0.3% (79 estimates)
Retail ex-autos 0.1% m/m; range -0.2% to 0.4% (72 estimates)
Retail ex-auto/gas 0.3% m/m; range 0.1% to 0.5% (24 estimates)
Retail control 0.3% m/m; range 0.1% to 0.7% (28 estimates)
- May’s report will probably show retail sales "got a double whammy from a drop in unit auto sales and a fall in gas prices": Bloomberg Intelligence
- In April, retail sales rose 0.4 percent, the most in three months
CPI 0% m/m; range -0.2% to 0.3% (79 estimates)
Core CPI 0.2% m/m; range 0% to 0.3% (78 estimates)
CPI 2% y/y; range 1.9% to 2.2% (47 estimates)
CORE CPI 1.9% y/y; range 1.8% to 2% (47 estimates)
Core CPI Index SA 251.58; range 251.518 to 251.599 (3 estimates)
CPI Index NSA 244.9; range 244.791 to 245.319 (13 estimates)
- In April, the CPI rose 0.2 percent after falling 0.3 percent in March
- "Investors treated surprisingly soft inflation results in March with skepticism, however, a cooler-than-expected outcome for April, as well, lent credibility to the dovish narrative that achieving the Fed’s inflation target may remain difficult for some time to come": Bloomberg Intelligence

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Source: BFW (Bloomberg First Word)

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