Free Trial
US

FED Reverse Repo Operation

CANADA

CIBC On Inflation Report (Aug 16, 0830ET)

SECURITY

Iranian FM Hints At Positive JCPOA Resolution

CANADA

Analyst BoC Rate Paths Ahead Of CPI

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Dallas Fed Trimmed Mean Inflation Surges Higher

(MNI) Washington

The Dallas Fed's trimmed mean PCE inflation one-month annualized rate surged in May to 5.31%, the highest since January, after two months of much softer readings of 2.92% in April and 3.05% in March.

The 12-month inflation rate also moved higher to 3.96% over the 12 months to May from 3.76% in April, the fastest annual gain since 1990. Officials have cited the Dallas Fed's measure as one of the best indicators of underlying inflation.

Keep reading...Show less
165 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The Dallas Fed's trimmed mean PCE inflation one-month annualized rate surged in May to 5.31%, the highest since January, after two months of much softer readings of 2.92% in April and 3.05% in March.

The 12-month inflation rate also moved higher to 3.96% over the 12 months to May from 3.76% in April, the fastest annual gain since 1990. Officials have cited the Dallas Fed's measure as one of the best indicators of underlying inflation.

Keep reading...Show less