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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
Core PCE is expected to come in below core CPI for a 2nd consecutive month in September.
- Most analysts’ estimates point to a reading between 0.2-0.3% M/M and leaning to 0.3%, for the Oct 27 core PCE release which prints just a few days before the Nov 1 FOMC decision.
- While the surprisingly strong core CPI (+0.32% M/M) has seen PCE estimates tick higher in the wake of the release, the PPI inputs to key categories were mixed (airline passenger services negative, medical categories picking up).
A few core PCE estimates post-CPI, vs August’s +0.14% M/M reading include the following - we will publish more in our US Inflation Insight out Friday:
- Wrightson ICAP’s 0.2% (unchanged from prior to CPI but higher risks of 0.3% now, than 0.1%)
- Pantheon Economics’ 0.27%
- Morgan Stanley 0.27% M/M (with core services ex-housing at +0.34% M/M vs +0.14% M/M prior “given soft financial services from PPI”).
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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