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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
- OER inflation provided one of the most notable upside surprises to the August CPI report, at a seasonally adjusted 0.50% M/M vs average estimates of 0.30 M/M.
- It was the strongest since January when it spiked 0.56% M/M.
- Note that unlike January, when it was helped by OER from the southern region (by far the largest for home sales) increasing at a faster rate than any other region, this time around all major regions accelerated on the month.
- Looking at the regional NSA data: Midwest (0.66% after 0.37), Northeast (0.58% after 0.41), South (0.45% after 0.31) and West (0.39% after 0.37).
- As noted earlier, tenants’ rents were also stronger than expected at 0.37% M/M as they only partially reversed the 0.49% M/M spike to leave the monthly pace exactly in line with the 1H24 average of 0.37% M/M (after 0.45 in 2H23 and 0.59 in 1H23).
- The regional picture is more mixed here. NSA M/M changes: Northeast (0.69 after 0.47), Midwest (0.49 after 0.49), South (0.33 after 0.33) and the West (0.24 after 0.46)
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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