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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 goods deflation accelerated to -0.33% M/M from -0.05% M/M.
- The drag from used vehicles was at the low end of expectations seen beforehand, at -1.34% M/M vs analysts averaging circa -2% (ranging from -1.3% to -3.2%) after -0.45% M/M. There should be further declines in the pipeline.
- However, more notable from the goods side was core goods ex used vehicles printing -0.18% M/M after two 0.00% M/M readings. It's technically its first month of deflation since Feb’21 as it continues to reflect the significant moderation in supply chain pressures.
- One driver for the latest tick lower is apparel prices -0.03% M/M after 0.31% M/M, its first (very small) decline since Oct’22.
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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