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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.
DATA REACT
Price strength all around in this report, with both Goods and Services contributing strongly to October's outturn.
- Both core Goods +1.0% M/M (+0.25% prior) and core Services +0.45% M/M (+0.24% prior) would have been some of the highest prints in decades apart from the last few months.
- Inflation boutique fund manager Michael Ashton on Twitter estimates median CPI at +0.57% M/M which would "easily" be the highest since 1982, and he also notes that the only category that fell more than 10% annualized (jewelry and watches), vs 19 that rose more than 10% annualized.
- We await confirmation from the Cleveland Fed later today, as they compile the most-watched median CPI metric.
Source: BLS, MNI
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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