MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

MNI BRIEF: Japan June Services PPI Rises 3.0% Vs. May's 2.7%

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Citi Still Look For Back-to-Back 25bp Hikes After Payrolls

US OUTLOOK/OPINION
  • Citi maintain their hawkish position on the analyst spectrum for the Fed after payrolls, still pencilling in 25bp hikes in June and July.
  • “An unexpectedly strong 339k increase in payroll employment highlights a clearly still-resilient labor market, despite the unexpected rise in the unemployment rate to 3.7% driven by a decline in household survey employment.”
  • They put more weight on the very strong payrolls growth: “Establishment survey employment (payrolls) is a more reliable indication of trend job growth. A one-month decline in volatile household survey employment following months of strength is unlikely to last.”
  • June SEP forecasts: very likely to show stronger activity and inflation, and consequently higher "dots" policy rates. The u/e rate should also be lowered “although possibly not quite as much now”.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.