MNI China Daily Summary: Monday, July 29

MNI: China CFETS Yuan Index Up 0.15% In Week of Jul 26

MNI: PBOC Net Injects CNY243.37 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Higher At 7.1316 Mon; -1.56% Y/Y

CHINA PBOC CONDUCTS CNY301.57 BILLION VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1316 MON VS 7.1270

EZ/UK T-Bill Calendar: Belgium Nov 7, 2024 Short TC Due Tuesday

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

BoE Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Citi Towards High End Of CPI Consensus

US OUTLOOK/OPINION
  • Citi forecast core CPI at 0.46% M/M based on continued strength from key services but also a pick-up in core goods prices and used cars in particular (seen +0.8% M/M albeit with downside risks from negative seasonal factors after -1.9% in Jan).
  • They see moderation to still solid primary rents (0.70%) and OER (0.63%) with further slowing in shelter prices into March if realized, although risk overestimating how quickly shelter prices can ease.
  • Other non-shelter services should be strong overall, although with a continued drag from the medical insurance component in CPI which isn’t included in PCE inflation.
  • Headline CPI seen softer at 0.4% M/M due to a retracement in utility gas prices.
  • They will pay attention to PPI components of various medical services prices, airfares and financial services prices that matter more for PCE.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.