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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
- Looking to Tuesday's CPI release, the Cleveland Fed core CPI nowcast pencils in 0.34% M/M for a 0.02pp decline from its previous estimate. Bloomberg consensus has 0.3%.
- The nowcast was reasonably accurate last month for September, overshooting by 0.04pps but it followed a recent string of large overshooting including an average 0.26pps in June and July.
- It last undershot a core CPI outturn back in Sep’22, since which it has overshot by an average 0.11pps (one very tentative theory being that may not have fully captured the health insurance reset lower in Oct’22 that will again be reset this October).
- Headline CPI is seen slowing to just 0.07 % M/M.
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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