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.
Shelter components will continue to add more pressure to overall U.S. inflation before peaking in mid-2023 and moderating slightly to still-high levels just under 7%, according to an updated analysis from economists at the Federal Reserve Bank of Dallas.
Year-over-year OER inflation is expected to continue rising from 5.4% in June 2022 to 7.7% in May 2023 before easing and rent inflation is expected to increase from 5.8% in June 2022 to 8.4% in May 2023. In a previous analysis in July, a Dallas Fed economist told MNI rent and owners' equivalent rent inflation was expected to accelerate to 7% by early next year.
The Dallas Fed economists expect the shelter component to add another 0.35 percentage points to the headline PCE inflation in the coming months before slowing in second quarter 2023 and falling to 0.15 percentage points at year-end 2023.
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.