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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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Free Access**MNI: 5 Things We Learned From The November CPI Data>
By Kevin Kastner, Sara Haire, and Holly Stokes
WASHINGTON (MNI) - The following are the key points from the
Consumer Price Index data for November released by the Bureau of Labor
Statistics Wednesday:
- The overall November CPI came in as expected, but the core was a
little softer and saw a pullback in its year/year, still allowing the
Fed to hike gradually with 3-4 increases in 2018.
- November CPI +0.4% (+0.386% unrounded), as expected. There is a
tendency for analysts to miss to the high side for November CPI, but
they are right just as often, so this falls within the trend. The gain
was led by +3.9% in energy prices (gasoline +7.3%), as CPI ex. energy
+0.1%. Food prices were flat.
- Core CPI +0.1% (+0.117% unrounded) vs +0.2% expected. Forecasts
for CPI are usually very accurate, with analysts on target in each of
the last three years, so the overestimate is a little off trend.
However, the unrounded figure was on the high side of 0.1%.
- The y/y rate for headline CPI +2.2% vs +2.0% in October, but
the y/y rate for core CPI slipped to +1.7% vs +1.8% in October, when it
was the highest since April.
- Within the core, owners' equivalents rents +0.2%, lodging away
from home -1.3%, medical care flat, new vehicles +0.3%, apparel -1.3%.
** MNI Washington Bureau: 202-371-2121 **
[TOPICS: MAUDS$,M$U$$$,MAUDR$]
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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.