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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 DATA
Worth noting that medical care services had their biggest contribution to inflation of the year in September, at +0.03pp, comparing to flat/deflationary figures in every other month of 2023.
- Big contributors were hospital costs (+1.20% M/M, highest since January 2022; that alone contributed 0.03pp to core, with professional medical services in flat growth (slowest since May).
- Medical services are expected to re-accelerate in the coming months after the annual re-indexing (which had seen insurance prices depressed from Oct '22 onward).
- While these series have often differed from the PCE equivalent, yesterday's PPI reading suggests a modest acceleration in PCE medical care services in Sept vs Aug.
Source: MNI, BLS
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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