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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
- U.Mich consumer sentiment beat expectations in the August preliminary as it bounced from 51.5 to 55.1 (cons 52.5) in a further modest recovery from June’s series low of 50. It remains below the 2008 low of 56.4.
- The recovery is led by expectations jumping +7.6pts to 54.9 to offset weaker current conditions falling -2.6pts to 55.5, with both just off recent lows.
- The press release notes: “All components of the expectations index improved this month, particularly among low and middle income consumers, whilst the share of consumers blaming inflation for eroding their living standards remained near 48%.”
- 1Y-ahead inflation was softer than expected, falling from 5.2% to 5.0% (cons 5.1%), whilst on the flipside the 5-10Y surprisingly increased from 2.9% to 3.0% (cons 2.8%) to be closer to its recent average and showing little of the latest decline in the separate NY Fed 3Y ahead measure. As mentioned earlier, treat with some caution after recent revisions with the final release.
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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