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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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- The CPI report for September followed payrolls and also saw a hawkish market reaction.
- Headline was stronger than expected at 0.40% M/M (cons 0.3) and core came in at 0.32% M/M versus consensus of 0.3 but one that had been tilted lower with an average analyst forecast of 0.26.
- The main driver of price action however was supercore jumping to 0.61% M/M after 0.37% for its highest since Sep’22 (this being core services excluding OER and primary rents).
- While as usual there were some “noisy” factors involved, even the supercore measures were showing signs of a nascent slowdown in disinflationary progress, at the time driving another extension in the higher rates for longer theme.
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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