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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
Within that PPI upside surprise (BLS release here): fastest increase in final demand goods ex-food and energy PPI (+1.1% M/M) since May 2021 (and up from +0.8% in both Jan and Feb).
- Final demand services +0.9%, up from +0.3% in Feb and the 4th month in 5 of +0.9-1.0% readings.
- Biggest contributors to services were rising "margins for fuels and lubricants retailing" though also reflects higher trucking, airline passenger tickets / traveler accommodation costs etc.
- While these reflect pipeline price pressures, the March CPI headline measure's upside surprise blunted the impact of the PPI headline surprise / mixed core prices and telegraphed the strong rise in some prices (incl airfares), so a fairly limited market reaction.
Source: 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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