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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
The closely-watched Manheim used vehicle index showed that US prices were unchanged in the first half of June vs a month earlier (and up 11.1% Y/Y). If sustained, that's a development that could keep core goods prices a little less deflationary in the June CPI report (out July 13). The chart below shows the Manheim index vs used vehicles in CPI (of which it's about 4% of the total index) up to May. The monthly Manheim prices had been down 3 of the previous 4 months, with May breaking the streak.
Source: BBG, Manheim, Census Bureau
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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