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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
- Getting into the details, medical care services came in above all analyst estimates that we’d seen beforehand, switching from -0.67% M/M to 0.09% M/M after last month’s downward surprise.
- It accounted for 0.07pps of the increase in core CPI (with its heavy 9% weight of the core CPI basket) and explains a big chunk of the 0.1pp bounce in non-housing core services.
- That in turn was boosted by an unusually large 1.5% M/M jump in hospital services (3% of core basket), the fastest since Oct’15 and otherwise the third strongest monthly reading since at least 2000.
- The concentration of strength in a category that appears highly unlikely to repeat such an increase hints at softer non-housing service inflation ahead.
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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