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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
The Cleveland Fed's reading for November median CPI moderated to 0.45% M/M from 0.57% in Oct, but that's the 2nd highest figure since 1982 (the highest was Oct). Y/Y was 3.52%, up from 3.14% in Oct - and the highest since Dec 1991.
- The Cleveland Fed's 16% trimmed-mean CPI was +0.52% (down from 0.71% in Oct), 4.55% Y/Y (up from 4.12% in Oct), the highest since May 1991.
- As we have noted before, per the Cleveland Fed, the median metric - which excludes all price changes apart from the one in the center of the distribution of price changes" - "is even better at forecasting PCE inflation in the near and longer term than the core PCE price index."
Source: Federal Reserve Bank of Cleveland, 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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