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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
We already know that methodological differences (housing especially) almost certainly meant a lower core PCE rate than the CPI equivalent of 0.31% M/M, and today's PPI figures should reinforce the downside.
- Airline passenger services came in at +2.11% M/M (-0.59% prior).
- But health/medical insurance PPI slowed to +0.15% (+0.18% prior), with health care services remaining subdued at +0.02% (-0.04% prior). That kept the negative gap with CPI counterparts quite wide (CPI professional care/hospital was +0.4% on the month).
- Overall insurance PPI came in flat 0.00% (+0.09% prior), with private passenger auto insurance slowing.
- Portfolio management prices were weaker than some estimates we'd seen, at +1.51% (-1.74% prior), considering that this category is imputed from asset price performance in a month which saw a significant share price rally.
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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