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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
As expected, core goods prices were in deflation in September, dragging down the overall figures. At -0.39% M/M, core goods prices fell the fastest since March 2022, and marked the 4th consecutive negative figure.
- And as expected, used vehicle prices (-2.5% M/M, the fastest drop since Feb) were a key reason.
- That said, deflation was even seen ex-used vehicles (-0.1% M/M).
- Apparel prices plunged in September, by -0.76%M/M, the most since May 2020.
- New vehicle prices rose by a similar amount as August (0.30% vs 0.27%).
- Outside of core, energy prices rose by almost exactly what had been expected (+1.52% v +5.58% prior), with food within the expected range too (+0.23% vs +0.24% prior), with food at home +0.14% (down from +0.19% prior) and food away from home ticking up to a 4-month unrounded high of +0.39% (+0.34% prior).
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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