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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 price components of today’s Philly Fed manufacturing survey stood out as one of the weakest areas. Current period prices received (-3.3 from +7.9) dipping negative for the first time since Apr/May’20 of the pandemic and prior to that for any sustainable period of time in 2015-16.
- Combined with the sizeable improvement in supply chain pressures per the NY Fed’s GSCPI to March, it adds weight to the March deceleration in producer prices and suggests we could see this start to feed through to consumer goods prices (outside of used vehicles) in the months ahead.
- Caveated by an increase in the six-month ahead prices received measure and the fact that consumer service prices remain more important for the FOMC as a better gauge of underlying price pressures, this renewed push lower is nevertheless likely welcomed at the margin.
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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