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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 OUTLOOK/OPINION
- Today’s core CPI accelerated from 0.16% to 0.28% M/M in August, with a large part of the move driven by a relative airfares contribution of +0.09pps (the PCE source for which are PPI and not CPI).
- Combined with other details from the report, it sees the following preliminary core PCE estimates to be updated after tomorrow’s PPI data (with core PCE due Sep 29).
- JPM sees 0.17% M/M and MS sees 0.15% M/M in Aug, moderating from the 0.22% in July and 0.21% in June, back consistent at or below the 2% target for the first time since Jul’22 and before that Feb’21.
- MS go on to estimate PCE core services ex housing at 0.16% M/M after 0.46%. M/M.
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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