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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 inflation was stronger than expected in April at 0.380% M/M (cons 0.3) after a stronger skew to Q1 revisions from yesterday’s quarterly data.
- Q1 was revised up from 4.94% to 4.96% annualized but it consisted of larger upward revisions in Feb and Mar with a partly offsetting lower figure back in January.
- Of note, it was led by the Fed's preferred core non-housing services. Bloomberg’s calculation accelerated to 0.42% M/M from an upward revised 0.29% in Mar (initial 0.24%) and 0.37% in Feb (initial 0.35%). It’s the fastest pace since January’s 0.53% M/M and follows the Q1 average of 0.40% M/M.
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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