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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.
US DATA
- The NY Fed consumer survey of inflation expectations in October showed no sign of the ramp up seen in the U.Mich survey for October and which continued into its preliminary November release last week.
- 1Y expectations dropped to 3.57% from 3.67%, just above the 3.55% of July otherwise the lowest since Apr’21.
- 3Y expectations held at 3.0% for the second month, although that's relatively high by recent month standards, prior to September last seen in May and then Dec’22.
- 5Y expectations meanwhile dropped a tenth to 2.7% for their lowest since May. This compares notably with the 5-10Y U.Mich measure, which in October pushed back to 3.0% before increasing to 3.2% to break above its stable 2.9-3.1% range since 2021 for a highest since 2011.
- The readings appear to increase the possibility that the U.Mich survey is revised lower in the finalized November print.
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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