MNI BRIEF: ISM Expects Sluggish Growth, Sticky Services Prices

MNI BRIEF: German Infl In Line With EA, Growth Lags - GCEE

MNI BRIEF: Focus Support For Cutting-Edge Tech - Ministry

MNI BRIEF: EU Won't Necessarily Follow US on Tariffs-Gentiloni

MNI China Daily Summary: Wednesday, May 15

MNI: PBOC Conducts CNY125 Bln 1Y MLF Weds; Rates Unchanged

MNI: US TSY TICS NET FLOWS IN MAR +$102.1B

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Fed PCE Measures See Near-Term Lift But Y/Ys Ease Further

US DATA
Energy BulletsCommodities
  • Cleveland Fed median: 0.43% M/M in January after 0.15%, fastest monthly pace since Jan’23.
  • However, the Y/Y still eased from 3.7% to 3.5%, its lowest since Nov’21.
  • Dallas Fed trimmed mean: accelerated from 2.5% to 2.9% annualized over six months.
  • As with the Cleveland median, its Y/Y moderated further from 3.24% to 3.16% for also the lowest since Nov’21.
  • For comparison, core PCE printed 0.42% M/M in January after 0.14%, accelerated from 1.9% to 2.5% annualized over six months, and eased a tenth to 2.84% Y/Y.
85 words

To read the full story

Close

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.
  • Cleveland Fed median: 0.43% M/M in January after 0.15%, fastest monthly pace since Jan’23.
  • However, the Y/Y still eased from 3.7% to 3.5%, its lowest since Nov’21.
  • Dallas Fed trimmed mean: accelerated from 2.5% to 2.9% annualized over six months.
  • As with the Cleveland median, its Y/Y moderated further from 3.24% to 3.16% for also the lowest since Nov’21.
  • For comparison, core PCE printed 0.42% M/M in January after 0.14%, accelerated from 1.9% to 2.5% annualized over six months, and eased a tenth to 2.84% Y/Y.