NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

JPMorgan Look For Softer CPI Details

US OUTLOOK/OPINION
  • Released on Thursday, JPMorgan see core CPI at 0.17% M/M in July for a similar print to June, pushing the Y/Y down a tenth to 4.7%.
  • They see rent measures continuing to drive overall inflation higher even though the pace of rental inflation has slowed recently - tenants’ rent seen 0.48% and OER 0.46%.
  • Apparel seen increasing 0.3% in July, continuing the recent monthly pace of inflation, but they look for softer details in many of the other main categories related to the core CPI.
  • Medical care prices have been close to flat in recent months and they forecast no change for July, whilst communication prices should continue the trend lower with a 0.3% decline.
  • Lodging prices have been volatile lately but they expect -0.8% to follow the 2.0% June drop based in part on some related industry data. Airfares also likely fell again in July (pushing broader public transport prices -4.7%), whilst industry data also signal that new vehicle prices slipped -0.2% in July and used vehicle prices fell -1.7%.
HomepageBulletJPMorgan Market News Fixed Income BulletsForeign Exchange BulletsMarkets

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.