"Dow Securities: Accelerated rise in food and energy prices may drive overall US PCE rate to increase"

According to TD Securities, it is expected that the core PCE month rate in the United States will slow to 0.19% in August, while overall rate may rise to 0.23% driven by accelerated increases in food and energy prices; core PCE annual rate and overall PCE annual rate are expected to be 2.9% and 2.7% respectively. The transmission of tariffs to core commodity prices is still gradually apparent, while super-core service inflation is expected to moderate. It is projected that personal spending rate and personal income rate will each slow down to 0.4% and 0.3% respectively.