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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
An unsung contributor to the surprisingly high July CPI reading was accelerating medical care services inflation - the sector represents about 7% of overall CPI (by comparison, a little less than rent of private residences ) and continues to show steady upward momentum.
- It hit a 33-month high in June and was one of the highest M/M prints since the early 1990s (+0.73% M/M, vs +0.43% prior).
- Also of note is that medical care services looks like it represented the median inflation category in June (according to inflation fund manager Michael Ashton on Twitter), which if true would mean another fresh post-1982 high for median (to be confirmed by the Cleveland Fed's monthly release later today), vs +0.58% median M/M In May.
Source: BLS, MNI
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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