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
For that shockingly low supercore figure:
- Core services inflation nearly halved to +0.22% M/M (+0.41% prior) in May, the lowest print since September 2021. Seeing the recently super-hot car insurance category unexpectedly go negative with airfares very negative, helping drive supercore lower.
- As for housing: OER ticks up to 0.43% (0.42% prior), with tenant rents up to 0.39% (from 0.35%), but both within expectations.
- That's with core goods at -0.04% M/M (-0.11% prior, a touch higher than the -0.08% expected but basically in-line).
- Here's what those categories looked like vs MNI's median consensus - note both headline and core both very soft vs expectations (red=higher than median expectation, green = lower).
- For headline, food inflation was slightly firmer than expected, with energy softer - motor fuels as expected dropped 3.6%.
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