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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 Conference Board consumer confidence index was higher than expected in November at 102.0 (cons 101.0) for an improvement after a downward revised 99.1 (initial 102.6).
- Within the survey, the labor market differential was near unchanged in November but from a downward revised October leaving it at 23.9.
- It’s the lowest since Apr’21 and comes with the highest measure of “jobs hard to get” since Mar’21.
- Recall the step down from the low 30s to 27 in Aug-Sep came with the surprise move higher in the unemployment rate to 3.8% in August, which has since drifted to 3.9% in October.
- There appears to be a structural break in the relationship with the unemployment rate post-pandemic but for what it’s worth, the level of the labor market differential would historically have been closer to an u/e rate between 4-4.25%.
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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