FAST FIVE: "A Crush Of Events": Here Are The Top Highlights In This Juggernaut Of A Week
These gaps can be very useful in predicting the change in the month-over-month core CPI print the following month, implying a strong monthly core CPI print for November.
As such, they expect November core CPI to rise +0.26% month-over-month.
For Kathy Jones at Charles Schwab the more pressing issue remains US-China trade talks.
Wednesday, December 11 08:30 AM CPI (mom), November (GS +0.23%, consensus +0.2%, last +0.4%); Core CPI (mom), November (GS +0.22%, consensus +0.2%, last +0.2%); CPI (yoy), November (GS +2.01%, consensus +2.0%, last +1.8%); Core CPI (yoy), November (GS +2.30%, consensus +2.3%, last +2.3%): We estimate a 0.22% increase in November core CPI (mom sa), which would leave the year-on-year rate unchanged at 2.3%.
Our monthly core inflation forecast reflects another strong used car reading, a modest boost from tariffs, and a partial rebound in the apparel category reflecting the unwind of residual seasonality.