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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.
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Free AccessBMO: Wage Gains To "Fan The Inflation Coals"
BMO expects payroll gains of 450k in October, "held back only by worker shortages", in line with consensus.
- They write: "a receding Delta wave should spur hiring in the leisure and hospitality sector, while public education jobs (amid erratic seasonal adjustment this year) could snap back after plunging the prior month."
- They point to falling jobless claims, low layoffs, and the end of emergency unemployment benefits.
- They are below-consensus on the unemp rate at 4.6%, "as net job prospects in the Conference Board survey were the second highest on record", while seeing above-consensus avg hourly earnings gains of 0.5% M/M, "fanning the inflation coals a little whiter."
To read the full story
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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.