US: Inflation pressure to have remained muted – Danske Bank

Analysts at Danske Bank suggest that today's key release will be the US CPI inflation figures for October.

Key Quotes

“We expect inflation pressure to have remained muted, as CPI inflation is likely to have been negatively affected by the fall in energy prices in October. Hence, we project the headline CPI inflation rate to have fallen to 1.9% y/y from 2.2% in September, while the core inflation rate will remain unchanged at 1.7%.”