US inflation (PCE) data due imminently: y/y forecasts notably clustered at the high end

I posted during the Asia timezone on the range of expectations for the imminent PCE data:

US inflation (PCE) data due Friday – critical ranges to watch – clustered around +0.3% m/m

Check out that post for the full thing, but if you just want the numbers:

Core PCE Price Index m/m

• 0.1% to +0.3%
• of the 54 forecasters (Reuters poll)
  • 6 are at +0.2%,
  • 35 are at +0.3%,
  • and 13 are at 0.4%

and for the y/y

• 2.4% to 2.8%
• of the 39 respondents for the y/y projection
  • 1 is at 2.4%
  • 2 are at 2.5%
  • 3 are at 2.6%
  • 18 are at 2.7%
  • 15 are at 2.8%

The data is due at 0830 US Eastern time / 1230 GMT:

This article was written by Eamonn Sheridan at www.forexlive.com.