US: Core PCE and Chicago PMI in focus – Danske Bank

In view of analysts at Danske Bank, core PCE and Chicago PMI will be the key economic releases from today’s US session.

Key Quotes

“Another interesting inflation print today will be the core PCE from the US. Core inflation has surprised on the downside recently and moved lower since February, reversing the upward trend seen in 2016. The print today will give more info on how much of this is driven by transitory factors and what is due to softer underlying price pressure.”

“Also in the US, the Chicago PMI has been very strong recently and not shown the same decline as in the ISM and some regional surveys. We doubt that Chicago PMI can continue to buck the trend of softer data and look for a decline today.”