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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.
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Free AccessMNI China Daily Summary: Monday, November 25
Goldman Sachs See Inflation Persisting Lower in Brazil
- Following the Brazilian inflation data, Goldman Sachs write that the slight moderation was driven by lower prints in vehicle fuel, partially offset by clothing, the seasonal increase in medicines, higher airfares, and higher than expected prints in food consumed at both home and away from home.
- They flag that vehicle fuel has had a significant negative contribution to annual headline inflation following large fuel tax cuts and significant gasoline price cuts in 2H2022.
- GS conclude that inflation may prove inertial (downward sticky) given intensifying backward looking price and wage setting mechanisms.
To read the full story
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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.