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30 Oct 2015
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.”
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.”