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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.
FED
Fed officials have said they will disregard large rises in Y/Y inflation over the coming months, owing to base effects from the deflationary period at the beginning of the pandemic in March 2020.
- That being said, core inflation momentum is clearly slowing on a quarterly basis, which is a more apt basis of comparison than Y/Y in the months ahead (and less volatile than M/M readings).
- Per BMO analysts, "policymakers are sure to emphasize the 3-mo annualized rate over the yearly pace. In fact, this was one of the clear takeaways from Powell's recent comments".
- Today's CPI reading means that rate has slowed to 0.7% in Feb, vs 1.0% in Jan and is the weakest reading since Jun 2020. See chart below.
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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