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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 OUTLOOK/OPINION
Today's August NFIB survey served up further signals ahead of today's CPI report that we're at/near peak Y/Y inflation pressures in the U.S.
- The net % of small businesses that plan on increasing prices in the next 3 months dropped to a 19-month low of 32% - suggesting median CPI (6.3% Y/Y in July) should start to level off in the next few months before pulling back in early 2023.
- Of course, that would still be consistent with 4-5% median inflation at least through mid-2023, so it may be some time before the Fed sees the "clear and convincing evidence" it needs before pulling back on tightening.
Source: NFIB, Cleveland Fed, 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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