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.
CPI inflation across the US rose 0.3% m/m in April and 8.3% y/y, moderating from 8.5% last month but rising at a faster pace than the 8.1% analysts expected. Core CPI jumped 0.6% m/m and 6.2% y/y, a slowing from 6.5% last month.
Sustained high inflation will likely keep the Federal Reserve on its 50bp rate hike clip for the next few meetings and could see officials debating an even larger 75bp hike later in the year. (See: MNI INTERVIEW: Fed's Barkin Says Hikes Not On Set 50BP Course).
Owners' equivalent rent rose 0.5%, a significant jump for the slow-to-change shelter category. Energy rose 30.3% y/y and food increased 9.4%, the largest y/y increase since 1981, the BLS said.
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.