Free Trial
EQUITIES

A negative cash open

ENERGY

Focus on Low Global Product Inventories

HUNGARY

NBH Leaves 1W Depo Rate Steady At 7.25%

GILTS

Opening calls

US TSY OPTIONS

Large 1 week Tnotes trades again

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Deutsche: Below Consensus CPI On Used Car Hit

US OUTLOOK/OPINION
  • Deutsche see core CPI inflation at +0.31% M/M in April after the +0.32% M/M in March.
  • The below consensus print comes despite strong shelter expectations, with primary rents (+0.5%) and OER (+0.4%), where Deutsche expect rents to stay for the rest of the year.
  • Used cars are seen falling -2.6% M/M whilst supply side disruption and stock issues help see a small rise for new vehicles +0.4% M/M.
  • Travel related ones like lodging away and airfares could come in strong as demand increases but it follows 3.3% and 10.7% respectively whilst they watch other durable goods.
96 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • Deutsche see core CPI inflation at +0.31% M/M in April after the +0.32% M/M in March.
  • The below consensus print comes despite strong shelter expectations, with primary rents (+0.5%) and OER (+0.4%), where Deutsche expect rents to stay for the rest of the year.
  • Used cars are seen falling -2.6% M/M whilst supply side disruption and stock issues help see a small rise for new vehicles +0.4% M/M.
  • Travel related ones like lodging away and airfares could come in strong as demand increases but it follows 3.3% and 10.7% respectively whilst they watch other durable goods.