US September CPI YoY — prior 3.4%. Institutional forecasts cluster at 3.6–3.7%.
Major banks pegging headlines at 3.7% include Wells Fargo, Scotiabank, CIBC,
HSBC, Morgan Stanley, Goldman Sachs, ING, National Bank of Canada, DekaBank and
ABN AMRO. A broad group (Monex Europe, TD Securities, Stifel, UBS, Deutsche
Bank, Standard Chartered, Nomura, JP Morgan, Citi, BofA, BNP Paribas, Barclays,
ANZ, DNB, AMP, BMO and others) sit at 3.6%. High Frequency Economics is an
Outlier at 4.1%; Societe Generale and Desjardins are at 3.5%. US September core
CPI YoY — prior 2.4%. Forecasts concentrate at 2.4–2.5%, with many large firms
at 2.5% (Scotiabank, CIBC, Goldman Sachs, Morgan Stanley, Barclays, BNP Paribas,
BofA, Citi, JP Morgan, HSBC, Societe Generale, Standard Chartered, Nomura,
Lloyds, DNB, ING, ANZ, Capital Economics). Several firms (Wells Fargo,
UniCredit, Deutsche Bank, UBS, TD Securities, Desjardins) forecast 2.4%; Pansen
Macro shows a lower 2.3%.
