MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

Indonesian Sov Curve Steeper, Retail Sales Rose 3.5% y/y

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RBC: Payrolls Keeps The Fed Moving Quickly Back To Neutral

US

RBC see a tightening in the labour market that can’t easily be addressed in the near-term, they expect the Fed to keep moving faster to get back to neutral, including another 50bp hike on Jun 15.

  • The unemployment rate at 3.6% was unchanged from April and around pre-pandemic lows whilst the labour force participation rate has been much slower to come back at 62.3% in May relative to a percent higher in February 2020.
  • Aging demographics and shifting job preferences during the pandemic have both made post-pandemic hiring a lot more difficult, a tightening in the labour market that can’t be easily addressed in the near-term.
  • Labour shortages are particularly acute for high-contact client facing industries, with leisure & hospitality still down 1.3mln from pre-pandemic, and wage growth is set to accelerate further in the near-term.
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage

To read the full story

Close

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.