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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.
EXECUTIVE SUMMARY:
- U.S. inflation was materially stronger than expected with underlying strength behind the firming of sequential inflation really standing out.
- One of many standout features was shelter, where rents of primary residence accelerated with the fastest monthly increase since 1992 and owners' equivalent rent remained close to twenty-year highs.
- In a sign of the breadth of inflationary pressures, the Cleveland Fed median measure rose to a new high in a series going back to 1983.
- Elevated sequential inflation keeps the Fed on track for a potentially large hike on March 16 (+41bps priced) but as Barkin said late yesterday, there is plenty of data to come before then including one more payroll and CPI report.
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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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