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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
With housing inflation slipping, the overall core services print was the softest since April 2021 at +0.3% M/M, vs 0.4% in May.
- As recently as Dec 2022 the monthly rate was double this (0.6%).
- Some key categories dragged including airfares (-8.1%) and communications (-0.5%), while some categories that saw strong gains in May had smaller contributions this month (eg motor vehicle insurance 1.7% vs 2.0% prior).
- Core Goods were flat on the month (actually slightly below zero unrounded) after two consecutive gains of 0.6% M/M, which was largely expected, helped by vehicle price inflation (both new and used) softening.
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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