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 inflation slowed more than analysts expected in November to 0.1% from a month earlier, with core CPI rising 0.2%, each a tenth weaker than Wall Street estimates, the Bureau of Labor Statistics reported Tuesday. That's good news for the FOMC as it begins a two-day meeting that is expected to culminate in a slower 50 bp interest rate increase Wednesday. (See: MNI: FOMC To Signal Path to 5% Next Year - Ex-Fed Officials)
From a year ago, the headline index rose 7.1%, down from 7.7% a month earlier and June's 9.1% cycle peak. Core CPI inflation slowed to 6.0% from 6.3% a month earlier in 6.6% in September, even as the large shelter category advanced 7.1% in the year. Core goods deflation accelerated, falling 0.5% in the month and its weakest since April 2020. Core services inflation also slowed to 0.4%, a still-robust print but one that's a four-month low.
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.