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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
Amid the biggest drop in import prices since April 2020 (-1.4%), it's worth nothing that ex-petroleum import prices posted the largest M/M fall since March 2009 in July (-0.71%).
- That's the third straight month of declines and a demonstration that disinflationary pressures in the economy are not due solely to a decline in energy prices from the recent peak.
- While Wednesday's CPI release already reflected the impact of declining import prices to some degree - hence the muted market reaction to the import price drop - the drag on inflationary pressures will likely continue to feed through to lower core goods prices in the months to come.
Source: BBG, BLS, MNI
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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