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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
- Consensus puts core CPI inflation at 0.3% M/M in November, reaccelerating to 0.3% after a surprise moderation to 0.23% M/M in October. Both the Bloomberg survey and the analysts covered below imply downside skew.
- Upside drivers are seen in volatile items with lodging away from home in particular pulling back after surprise weakness, whilst used cars should add to the upside. Primary rents meanwhile are likely a modest drag.
- Of those analysts who specify, most see strong supercore inflation which could leave some notably stubborn and headline-catching recent trend rates, although there is a wide range for November.
- The hawkish reaction to Friday’s payrolls report leaves more two-sided risk to Tuesday’s CPI, with a softer than expected print potentially opening scope for heighted volatility if the FOMC surprises hawkish on Wednesday.
PLEASE FIND THE FULL REPORT HERE:
Bloomberg consensus dot shows average response (0.26%) rather than median (0.3%)
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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