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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
Shelter continues to be a huge inflation driver, and had been seen by consensus as cooling vs a particularly strong May. That clearly didn't happen: Owner equivalent rent hit a fresh post-1990 high in month/month terms (+0.70% M/M, +0.60% prior), while rent of primary residence prices rose by the fastest since 1986 (+0.78%, +0.63% prior).
- Given shelter's outsized (one-third) contribution to inflation baskets, the continuing momentum in this category will be of significant concern.
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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