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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
Very strong housing prices once again in the November CPI report: Owners Equivalent Rent +0.44% M/M, with rent of primary residences +0.42%. Though many had expected a number of that magnitude (in line w previous 2 months which averaged 0.44% in each category).
- So, this "sticky" set of categories - which is about one-third of the CPI basket - continues to fuel much of the underlying price pressure, with little sign of relenting.
- Many analysts expect rent price gains to persist well into 2022 which would ensure elevated core prints in the absence of large drops in other categories - and a prime reason the Fed is seen as being under pressure to tighten policy.
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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