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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
Looking at the major pandemic reopening categories, many of which were key to expectations for a disinflationary figure in June vs May:
- Used Car prices fell but well short of the big drop that some had expected, while Airfares fell at their fastest pace since July 2022.
- Lodging / New Car / Car and Truck rental prices were all basically in line.
It's also the first month since April 2020 that all of the following categories have been negative M/M:
- USED CARS -0.5% Expected: flat to -1.6% M/M (vs +4.4% in both May and April)
- LODGING -2.0% Expected: flat to -2.5% (vs +1.8% May)
- AIRFARES -8.1% Expected: -0.5% M/M (vs -3% in May)
- NEW CARS: -0.2% (after -0.4% in May)
- CAR/TRUCK RENTAL: -1.4% (after -3%+ each of last 3 months)
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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