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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
- Away from services, there weren’t too many surprises in core goods at -0.09% M/M in Oct after -0.39%.
- Used cars prices fell -0.8% in Oct vs an analyst average of -0.6% (range +0.7 to -1.7%) after -2.53%.
- New cars were a larger downward surprise but not massively so, dipping -0.1% vs some looking for small increases after +0.3%.
- Prices of core goods ex used vehicles increased just 0.01% M/M in Oct after -0.08%, and have now averaged -0.02% M/M over the past seven months.
- This has been in keeping with the moderation in supply chain pressures and the NY Fed’s GSCPI suggests we could see some further downside momentum ahead after a recent further dip in the GSCPI.
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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