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.
The Federal Reserve Bank of Dallas’s trimmed mean PCE inflation rose 3.53% in the 12 months ending January, the biggest jump since 1991. The one-month annualized trimmed mean rate was 6.66%, the highest since 1982.
Fed officials have cited the trimmed mean measure as one of the best indicators of the underlying inflation trend. It had stayed near 2% throughout the pandemic, then started accelerating rapidly in September. The Cleveland Fed's median PCE inflation rate released Friday also showed its monthly figure at the highest since 1982.
Official BEA data earlier Friday showed headline PCE inflation rising 6.1% over the year and core PCE rising 5.2%.
Source: Federal Reserve Bank of Dallas
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.