Free Trial
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
Homebuilder sentiment fell for the ninth straight month in September, per the National Association Of Home Builders' survey (as we noted in our 1029ET bullet).
- That bodes badly for the housing cycle going into 2023, though that may be a welcome development for the Federal Reserve's goal of weakening aggregate demand and taming inflation.
- Chair Powell notably said last month that "the housing market may have to go through a correction" to improve buyer affordability and - as with many other aspects of the economy - bring supply and demand into better balance.
- While we're not there yet, a deterioration in housing market confidence from multi-year peaks has previously presaged Fed cutting cycles by a year or two (see chart).
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok