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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
- At first glance, used cars were one of the few major components that appeared to come in as expected rather than at the soft end, falling -0.45% M/M after two particularly strong 4.4% increases. That unsurprisingly provided most of the drag on the month, 0.16pps behind the 0.28pp drop in the overall core rate.
- Core goods ex used cars again printed 0.00% M/M and averaged just 0.02% M/M through Q2.
- The main two drags on the month came from the aforementioned pandemic categories already mentioned, with lodging (-0.06pps) and airfares (-0.04pps). The latter came from airfares sliding 8% on the month but as always, remember that tomorrow’s PPI data are the source data for PCE.
- See the table of contributions below.
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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