MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1896 Tues; -1.71% Y/Y

CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Barclays: Very Significant CPI Beat Needed For 75bp In Dec

US OUTLOOK/OPINION
  • Barclays forecast core CPI of 0.4% M/M (consensus 0.4) in early signs of sustained deceleration after September's 0.6% M/M, with the year-ago rate easing from 6.6% to 6.4% Y/Y.
  • It will reflect persistent downward pressures on medical services prices and deflationary pressures on core goods, as used car prices continue gradually to unwind their pandemic-related run-up.
  • Even so, they expect another month of robust increases in rents, keeping the level of inflation uncomfortably high for the FOMC.
  • However, "after Wednesday’s carefully crafted Fed message, CPI would have to very significantly surprise on the upside, e.g., a further M/M acceleration of core CPI, for the Fed to implement another 75bp hike in December".
  • They see headline inflation accelerating from 0.4% to 0.5% M/M (8.2 to 7.8% y/y), reflecting the recent upturn in oil prices.
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsUS
HomepageBulletMarketsFixed Income BulletsForeign Exchange BulletsUS

To read the full story

Close

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.