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Global Macro
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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.
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Free AccessMNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
MNI BRIEF: Fed's CIE Inflation Expectations Highest Since 2014
The Federal Reserve Board's Index of Common Inflation Expectations, one of its preferred price gauges, edged up to 2.06% in the third quarter, the highest since 2014.
The CIE Index was up 0.01ppt from 2.05% in the prior quarter. The series back to 1999 notched the highest readings at 2.15% in 2004. The index combines 21 market and survey measures into a single view of how households and businesses expect prices to behave.
Chair Jerome Powell said after the FOMC's September meeting that inflation expectations showed "moderate" increases that made up for past declines in the mid-2010s. Earlier this week the New York Fed reported median consumer expectations of 5.3% for the year-ahead and 4.2% for three-year-ahead, and both were highs going back to 2013.
To read the full story
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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.