TD Securities expects the July PCE report to show core PCE accelerating to 0.3% month-on-month.

According to ChainCatcher, citing a report from Golden Ten Data, TD Securities stated in its outlook for the US PCE inflation report that the core PCE for July is expected to accelerate to 0.3% month-on-month. Due to weak food and energy inflation, the overall PCE month-on-month may fall back to 0.22%, with year-on-year figures expected to be 2.9% and 2.6%, respectively. The transmission effect of July tariffs on goods prices was relatively mild, but the service sector saw accelerated growth. Considering the strong performance of core retail sales, personal spending is expected to increase by 0.5%.