TD Securities expects core PCE to accelerate to 0.3% month-on-month in July

According to ChainCatcher, according to Kingshin, TD Securities said when looking forward to the U.S. PCE inflation report, it is expected that core PCE will accelerate to 0.3% month-on-month in July. Affected by weak food and energy inflation, overall PCE may fall back to 0.22% month-on-month, and is expected to be 2.9% and 2.6% year-on-year respectively. The transmission effect of tariffs on commodity prices in July was relatively mild, but the service industry experienced an accelerated rise. In view of strong core retail sales, individual spending is expected to grow by 0.5%.