Market consensus: core PCE YoY prev 3.3% (Reuters survey 3.3%). Majority of
surveyed institutions expect YoY around 3.2–3.3% (Capital Economics, Goldman
Sachs, Citigroup, Scotiabank, Barclays, Societe Generale, Standard Chartered and
others at ~3.2%; BofA, Deutsche Bank, UBS, JP Morgan, Nomura, Morgan Stanley and
multiple others at ~3.3%). High Frequency Economics is the notable outlier at
+3.4%. Monthly core PCE prev +0.1% (Reuters +0.2%); consensus centered on +0.2%
(BofA, Capital Economics, Citigroup, Deutsche Bank, Barclays, HSBC and many
others). A smaller group expects higher monthly prints: BNP Paribas SA, JP
Morgan and Banco Santander at +0.3%, and High Frequency Economics at +0.4%.