Free Trial
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
Barclays estimates a 0.41% M/M headline CPI increase in May, with core up 0.46% M/M (both figures broadly in line with consensus). They see April's "sharp increases" in used cars / hotel prices not repeated "to the same extent".
- Core goods inflation is set to slow to 1.0% M/M (from 2.0%), with rents and owner-equivalent rent (OER) rising 0.18% and 0.20%, respectively, which represents a lag behind the pick-up in overall core services CPI for now.
- Looking ahead though, they see headline and core CPI pushing to historical highs amid rising re-opening activity, as well as rent / OER continuing to rise from recently subdued levels as households' ability to pay rent improves.
- They forecast core at 3.3% Y/Y by end-2021 and 2.2% by end-2022 (with the pace of inflation beyond this summer consistent with 2.0-2.2% annualized rate).
Source: Barclays
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok