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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 OUTLOOK/OPINION
- Ahead of tomorrow's CPI print, we recall that core non-housing services inflation measures saw differing degrees of moderation in March, but in both cases were propped up by volatile items.
- Core services ex OER and tenants’ rents only eased from 0.50% to a still strong 0.40% M/M whilst core services excluding all rent of shelter slowed from 0.45% to 0.25% M/M on account of strong lodging away from home.
- Whilst this category will likely receive plenty of attention this time around, differing weightings vs PCE can again make initial readings more difficult: for instance, Morgan Stanley see core services ex-housing slowing from 0.40% to 0.16% M/M but for the core PCE equivalent to hold at 0.24% M/M.
- Full report found here.
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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