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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 OUTLOOK/OPINION
While Y/Y inflation may have peaked, incoming data continues to suggest that price pressures remain persistent.
- Data released today showed a new cycle high for the ISM Services prices subcomponent (82.9) in October, just 0.6 off the 2005 Hurricane Katrina-related all-time high, which suggests that high inflation will persist into 2022.
- An 80/20 weighted services/manufacturing PMI lagged 3 months points to 4.5-5.0% Y/Y CPI in January, 0.5-1.0pp below current levels, but still extremely elevated on a historic basis.
Source: BLS, ISM, MNI
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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