U.S. headline inflation likely to have eased to 2 pct year-on-year in October – TD Economics

The U.S. headline consumer price inflation is expected to have dropped to 2 percent year-on-year in October, noted TD Economics in a research report. On a sequential basis, prices are likely to have risen 0.1 percent. Energy prices are expected to have weighed on the headline rate, led by falls in gasoline prices that will give back some of their hurricane-induced strength.

Meanwhile, the core rate is expected to have come in at 0.2 percent sequentially. A stronger read in October is likely on a rebound in core goods prices, aided by increased vehicle prices. Shelter prices, which eased in September, are also expected to have increased pulling the core services in check. According to TD Economics, core inflation is likely to have stayed stable at 1.7 percent on a year-on-year basis.

At 20:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 14.4722. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest