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 DATA
Looks like this is the "in-line, details not worrying" core CPI scenario that we described earlier - looks like this report will not worry the Fed enough to consider a hike tomorrow:
- Core % M/M was definitely on the high side of expectations (0.436% M/M unrounded vs 0.4% expected median and 0.36% average) BUT this comes alongside solid rent (note above) and a 2nd consecutive 4+% handle in used car and truck (+4.42%) prices, both of which the FOMC could look through as it targets ex-shelter services inflation.
- Overall core services were +0.40% M/M, up from 0.36% in April (ex-OER/rent as noted earlier was a soft +0.24% M/M), with core goods steady at 0.55% vs 0.57% in April.
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