Free Trial
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
- PPI inflation coming in softer than expected (ex food & energy 0.01 vs 0.3% exp., ex food, energy & trade 0.17 vs 0.3% exp.) is consistent with last week’s moderation in CPI core goods inflation.
- The 0.01% M/M for PPI final demand ex food & energy was the softest since Nov’20
- Similarly, CPI ex used cars & trucks for a broader estimate of goods pressures increased just 0.08% M/M (-0.38% with used vehicles included), the softest since Feb’21 and tallying well with the improvement in supply side pressures as indicated by the NY Fed’s GSCPI [see chart].
- That adds to confidence that goods items are beginning to more heavily offset service strength in the CPI basket, although with services still having the much larger weight and therefore of particular concern for the FOMC.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok