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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
CIBC Remain At Hawkish End Of Spectrum Ahead Of CPI
- CIBC are in a minority of analysts looking for another hike from the FOMC next month, and indeed market pricing is just +4bp.
- On Friday's payrolls report, they noted signs that the labor market is coming into better balance but saw the drop in the unemployment rate and solid wage growth keeping that existing view on track.
- Looking ahead to Thursday's CPI release, they see core CPI at 0.2% M/M in line with consensus.
- They will focus on core services ex rent of shelter, noting that last month's flat reading reflected a sizable drop in airfares that may not have extended into July, although even a 0.3% M/M print would leave the 3-month rate at a tame 2.1% annualized.
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.