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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
- Released unusually late yesterday, the Atlanta Fed wage tracker for May showed overall wage growth moderating very slightly from 6.1% to 6.0% Y/Y.
- The move came with further but mild compression in the excess job switchers have been commanding over job stayers at 6.8 from 6.9% Y/Y vs an unchanged 5.7% Y/Y.
- Aside from February’s 1.0, the 1.1pp gap between the two is the lowest since Jan’22.
- However, the relative stickiness of job stayers in the 5-6% Y/Y range over the past year suggests overall wage growth might struggle to break below this as froth subsides, at least for now.
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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