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 OUTLOOK/OPINION
Deutsche observes ahead of tomorrow's January CPI print that market-implied pricing for the timing of the Y/Y peak in inflation has been pushed back to February, vs January previously. TIPS traders "expect inflation to be stickier" compared to last month's expectations, "with a more substantial increase for next month's print and 7-plus percent CPI to last through March". See chart.
- That "raises the stakes" ahead of the March FOMC where of course markets are considering the potential for a 50bp liftoff.
- And " if inflation proves to be stickier instead, such as what the TIPS market is suggesting, and if the path of peak inflation keeps getting pushed back, expectations for more aggressive action could build, and the Fed may find it more difficult to communicate restraint despite inflation falling soon after the liftoff."
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