Free Trial
AUSTRALIA

Australian Election: Race Tightens

AUSTRALIA

Big 4 Thoughts Ahead Of Today’s WPI Data

AUSSIE BONDS

WPI Day

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Analyst CPI Wraps (A-Z) – [1/3]

US
  • BofA: A noisy report where some of the strength should be faded due to airfares but underlying pressures remain elevated. Risks of a 75bp hike are low but the report clearly adds to the debate at the margin.
  • BMO: Heated price gains wide and far in April, apart from some further slippage in used car prices and a drop in clothing costs. It may not spur a 75bp hike in June but it locks in 50bps.
  • BNP: Peak inflation has passed but the deceleration "is likely to be sticky", with the service-driven upside surprise pointing "towards continued near-term strength and inflation prospects being increasingly susceptible to tight labor conditions”.
  • CIBC: Base effects will help Y/Y inflation continue to decelerate in the near-term but limited by the climb in gas prices, supply disruptions tied to lockdowns in China, the tightening in the labor market and upside from shelter.
  • DB: Don’t read too much into the dip in Y/Y rates, the Fed will have to go fast and far to bring aggregate indices lower, as core services will be even more resistant to tighter policy.
183 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • BofA: A noisy report where some of the strength should be faded due to airfares but underlying pressures remain elevated. Risks of a 75bp hike are low but the report clearly adds to the debate at the margin.
  • BMO: Heated price gains wide and far in April, apart from some further slippage in used car prices and a drop in clothing costs. It may not spur a 75bp hike in June but it locks in 50bps.
  • BNP: Peak inflation has passed but the deceleration "is likely to be sticky", with the service-driven upside surprise pointing "towards continued near-term strength and inflation prospects being increasingly susceptible to tight labor conditions”.
  • CIBC: Base effects will help Y/Y inflation continue to decelerate in the near-term but limited by the climb in gas prices, supply disruptions tied to lockdowns in China, the tightening in the labor market and upside from shelter.
  • DB: Don’t read too much into the dip in Y/Y rates, the Fed will have to go fast and far to bring aggregate indices lower, as core services will be even more resistant to tighter policy.