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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 services ex OER & tenants’ rents: 0.19% M/M in July after 0.00% M/M, vs 0.24% in May.
- Core services ex all shelter: 0.23% M/M in July after 0.06% M/M, vs 0.21% in May.
- Those are in line with a few analysts looking for 0.2% M/M readings.
- However, that’s a stronger than expected bounce considering airfares were weaker than expected at another heavy -8.1%. Analysts seen beforehand averaged circa -1.5% (ranging from +2.5% to -4%) after the -8.1% M/M of June.
- Remember that airfares for the PCE equivalent are taken from tomorrow's PPI data.
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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