TD Securities expects the July PCE report to show core PCE accelerating month-on-month to 0.3%

ChainCatcher news, according to Jinshi reports, TD Securities stated in its outlook for the U.S. PCE inflation report that it expects the core PCE month-on-month to accelerate to 0.3% in July. Affected by weak food and energy inflation, the overall PCE month-on-month may fall back to 0.22%, with year-on-year estimates of 2.9% and 2.6%, respectively. The impact of tariffs on commodity prices in July was relatively mild, but the service sector has seen accelerated increases. Considering the strong performance of core retail sales, personal spending is expected to grow by 0.5%.