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.
U.S. CPI added 0.303% on the month, a tenth higher than analysts expected, bringing the 12-month rate to 3.4% from 3.1% in November, the Bureau of Labor Statistics said Thursday. U.S. core CPI for December met expectations with a 0.309% rise on the month, pulling down the annual rate to 3.9%.
The index for shelter continued to rise in December, contributing over half of the monthly all items increase. The shelter index increased 0.5% in December, after rising 0.4% the previous month, and was the largest factor in the monthly increase in the index for all items less food and energy. The index for owners’ equivalent rent rose 0.5% over the month, while the index for rent increased 0.4%. On its own, the CPI report is unlikely to move the Fed much. (See: MNI INTERVIEW: Fed To Ease Modestly In '24 -Ex NYFed's Benigno)
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.