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. October CPI rose a weaker-than-expected 0.4% from a month earlier and 7.7% from a year ago, while core CPI added 0.3% on the month, the weakest since September 2021, and 6.3% on the year. The data adds to Federal Reserve policymakers' case for beginning to slow the pace of interest rate increases next month. (See: MNI INTERVIEW: Fed's Barkin-Prices May Force Higher Rates Peak)
Core goods prices retreated to a seven-month low of -0.4% on the month while core services prices slowed sharply to 0.5%, a three month low. The shelter index, which jumped 0.8%, contributed over half of the headline increase for the month, the Labor Department said. Stocks rallied sharply on the data and the yield curve surged steeper.
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.