Three institutions (Stifel, Sumitomo Mitsui, RBC) forecast core PCE y/y at 3.3.
Thirteen firms — including Barclays, Citigroup, Goldman Sachs, Deutsche Bank,
HSBC, BMO, Standard Chartered, UniCredit, LBBW, Morgan Stanley and Wells Fargo —
forecast 3.4. Capital Economics, Nomura, Societe Generale and Scotiabank expect
3.5.