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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 following is taken from the MNI Fed Preview - full report found here]
- CPI annual revisions, released on Feb 9 and highlighted ahead of time by some FOMC participants, proved to be much ado about nothing.
- Of far more note was the surprise strength in the January CPI report which followed soon after, with core at 0.39% M/M (cons for a slightly ‘low’ 0.3) and “supercore” surging 0.85% M/M.
- That has recently been followed by a milder upside surprise in the February report, with core CPI at 0.36% M/M (cons 0.3).
- Some details were softer than that reading implies, but the trend is still moving in the wrong direction for the Fed.
- The six-month core CPI run rate has increased to 3.9% annualized compared to the 3.2% as of December prior to the January FOMC and supercore CPI stands at 5.9% vs 4.5%.
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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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