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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
Core CPI accelerated slightly from 0.38% to 0.41% M/M in April with various drivers moving in differing directions. The breadth of overall price pressures eased notably back near pre-pandemic levels though. We compare that backdrop with the following Regional Fed measures:
- The Cleveland Fed median CPI held steady at 0.40% M/M after prior moderation to the ‘softest’ since Aug’21.
- The 16% trimmed mean on the other hand accelerated from 0.23% to 0.33% M/M.
- Separately, the Atlanta Fed’s sticky core CPI ex shelter eased further from 0.26% to 0.21% M/M for its softest since Sep’21.
- In Y/Y terms, the Cleveland median (7.0%, -0.1pps) remains close to cycle highs but the trimmed (6.1%, -0.1pps) and Atl Fed sticky core ex shelter (4.5%, -0.3pps) continue to make better progress.
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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