MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPM: CPI At Low End Of Consensus

US OUTLOOK/OPINION
  • JPMorgan see core CPI at 0.45% M/M, towards the lower end of the relatively narrow surveyed range around consensus of 0.5% M/M.
  • Rent measures are expected to show continued firmness, “with tenants rent up 0.41% and owners’ equivalent rent rising 0.44%”. Lodging prices should be more modest than the jumps for Oct and Nov.
  • Vehicle prices are likely to see additional increases but with moderation relative to the past few months (new cars +0.5%, used +2.4%).
  • Other main categories are seen as more mixed, with apparel unchanged after jumping in Nov, no change in communication prices after a modest decline and “medical care prices are expected to keep rising somewhat, up another 0.2% in December”.
  • Headline CPI is seen up 0.4% M/M, pushing the Y/Y rate up 0.2pps to 7.0%. Energy CPI should fall -1.7% M/M whilst food rises 0.7% M/M.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

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.