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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 Dallas Fed trimmed mean slowed from 2.6% to 2.4% M/M annualized in July, its softest since Mar’21. Recall that the earlier PCE data showed core PCE at 0.22% M/M after an upward revised 0.21% M/M but with a strong acceleration in core services non-housing from 0.31% to 0.46% M/M.
- The trimmed mean Y/Y dipped from 4.2% to 4.1% after a larger prior moderation from high of 4.8% in April, although the six-month annualized measure saw a sharper decline in the latest month from 4.1% to 3.5% annualized.
- The Cleveland Fed median PCE meanwhile moderated from 4.9% to 4.8% Y/Y, but like with the Dallas Fed trimmed mean has also recently seen a sharper moderation with it now more than 1pp below its March high of 5.9% Y/Y.
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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