Free Trial
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
- Housing saw the largest downside surprise in the March CPI release, with OER and primary rents easing to 0.48/0.49% M/M for the softest pace since Apr/Mar’22.
- Core services ex housing softened from 0.50% to 0.40% M/M, or a more pronounced 0.45 to 0.25% M/M when stripping out all shelter including another surprisingly strong lodging increase of 3.1%.
- Combined with airfares increasing another 4.0% after 6.4% in Feb (with a reminder that tomorrow's PPI airfares matter for PCE, the Feb release of which didn’t show any of CPI’s strength), it’s notable that two of the largest outright contributions of monthly core ex-housing inflation are from volatile categories which could struggle to maintain current strength ahead.
- Medical care service components that can be a more helpful guide for PCE healthcare were mixed meanwhile, with professional services at 0.0% after -0.3% M/M but hospital services -0.2% after +0.1% 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok