TD Securities Forecasts Moderate Rise in US Core and Headline CPI for August

TD Securities has projected the United States' August inflation figures, anticipating a 0.19% month-on-month increase in Core Consumer Price Index (CPI) and a 2.3% rise year-on-year. The forecast highlights that services are expected to drive the core gains, while core goods may see a slight decline, according to FX Street.

For the broader inflation measure, TD Securities expects the Headline CPI to increase by 0.37% on a monthly basis and 3.4% annually. This rise is attributed to higher energy and food prices, which typically have a more volatile impact on headline inflation figures.

These inflation projections are closely watched by investors in Japan and globally, as they influence expectations for US monetary policy and can affect currency and equity markets, including the yen and Japanese equities.