by Bill McBride on 10/09/2015 06:11:00 PM
Friday, October 09, 2015
Yesterday I posted some comments by Merrill Lynch economists on September CPI. Here is the take of economists at Nomura:
"Given the recent tightening in labor markets, higher wages in the health care sector and continued declines in the vacancy rate of rental houses, we think that the slowdown in core service inflation in August was temporary and still expect a gradual pick up in core inflation in the medium term. We expect a 0.17% m-o-m (1.8% y-o-y) gain in core CPI in September. We expect the continued decline in energy prices in September to weigh on the overall price index. As such, we expect headline prices to decline by 0.20% m-o-m (-0.1% y-o-y)."CPI for September will be released next Thursday.
Posted by Bill McBride on 10/09/2015 06:11:00 PM