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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 OUTLOOK/OPINION
- Ahead of tomorrow's US CPI print, we watch non used car core goods inflation to see whether recent downward pressures feed through to consumer prices.
- A sharp tick lower in core PPI series back in March, including the first negative M/M print for PPI ex food & energy since Apr 2020, matched a step lower in the NY Fed’s GSCPI but wasn’t reflected in the CPI data at the time.
- The improvement in supply chain pressures continued further in April, with the GSCPI touching 1.3 standard deviations below average for its lowest since Nov 2008.
- Whilst not as structurally important as underlying services, a further moderation in core goods prices could be a welcome disinflationary driver in the near-term.
- Full note found here.
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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