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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
- The Atlanta Fed Wage Growth Tracker was unchanged in Oct at 5.2% (three-month moving average of median wage growth), i.e. still its softest since Jan’22.
- It came as people who changed jobs saw unchanged pay growth at 5.6%, whilst those not changing jobs saw a moderation from 5.0% to 4.8%.
- Most of the moderation in the overall wage tracker from the high of 6.7% seen in summer 2022 had come from job switchers pulling back from particularly strong rates, although this moderation in job stayers is starting to build.
- Looking at the separate details, those in the prime age cohort saw wage growth dip a tenth to 5.6%.
Source: Atlanta Fed
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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