US May seasonally adjusted CPI MoM (prev +0.6%; consensus +0.5%): the bulk of
surveyed institutions expect +0.5% (Citi, Barclays, ING, BofA, UBS, Nomura, TD
Securities, Capital Economics and many regional/global banks). A smaller cohort
penciled +0.4% (Moody’s, ABN AMRO, Pantheon Macro, Scotiabank); several firms
project +0.6% (Goldman Sachs, Jefferies, HSBC, Danske Bank, BNP Paribas,
Santander) and PNC is at +0.7%. US May seasonally adjusted core CPI MoM (prev
+0.4%; consensus +0.3%): forecasts cluster at +0.2% and +0.3%. Major +0.2% calls
include Deutsche Bank, ANZ, BofA, Citigroup, Goldman, Moody’s, Nomura, UBS and
Wells Fargo; +0.3% calls include Barclays, JP Morgan, BNP Paribas, HSBC,
Jefferies, Standard Chartered, Santander, ING, Capital Economics and UniCredit.
