U.S. ECO PREVIEW: CPI/Jobless Claims Due in 5 Minutes
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
- CPI 0.3% m/m; range 0.2% to 0.4% (76 estimates)
- Core CPI 0.2% m/m; range 0.1% to 0.2% (73 estimates)
- CPI 1.8% y/y; range 1.7% to 2% (44 estimates)
- CORE CPI 1.6% y/y; range 1.5% to 1.7% (43 estimates)
- Core CPI Index SA 252.336; range 252.297 to 252.361 (4 estimates)
- In July, the CPI rose 0.1 percent, the first increase in three months
- “Hurricane Harvey will have some impact on the CPI via energy prices. BI Economics estimates that seasonally- adjusted gasoline prices rose 5% in August, due to the late- month price surge, which will in turn lift the change in the headline by 0.2 ppts. relative to the core”: Bloomberg Intelligence
- Initial Claims 300k; range 240k to 465k (41 estimates)
- Cont. Claims 1965k; range 1930k to 2000k (8 estimates)
- In the prior report, initial claims rose to 298,000, the highest since April 17, 2015
- “Jobless claims will continue to be roiled by Hurricane Harvey in the coming weeks. The 62k increase in the prior week probably did not fully account for the job dislocation resulting from the storm, as utility and transportation disruptions likely impeded many potential claimants from successfully filing”: Bloomberg Intelligence
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283