HERE COMES CONSUMER PRICES...
REUTERS/Choi Dae-woong
This morning at 8:30 a.m. ET, new inflation numbers will be released.Economists estimate that that Consumer Price Index (CPI) was flat month-over-month (down from 0.2% last month) and up 1.0% year-over-year (down from 1.2% last month).
Excluding food and energy, economists believe core CPI was up 0.1% on the month and 1.7% year-over-year.
"CPI should touch a four-year low in year-on-year terms and existing home sales are projected to fall," says Credit Suisse chief economist Neal Soss.
"Dropping energy prices should offset a slight increase in food prices," said economists at Bank of America Merrill Lynch.