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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.
DATA REACT
TD writes that the June CPI release showed a pattern of travel-related prices driving strength while rents showing re-acceleration, and conclude "the pattern is consistent with strengthening being 'largely,' albeit not necessarily entirely, 'transitory.' In any event, the "transitory debate" is unlikely to be resolved for a while."
- They caution that we should look at 16-month, and not 12-month changes in prices: "The core CPI is up at a 3.1% AR in the 16 months since February 2020, up 0.7 pts from the 2.4% pace in the 12 months through February 2020, but the acceleration is more than accounted for by a 0.8pt boost from used vehicle prices."
Source: TD
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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