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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
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Data
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US CPI Preview: Setting The Tone For 2025
MNI ASIA MARKETS OPEN: NY Fed Inflation Expectations Gaining
MNI ASIA MARKETS ANALYSIS: Tsy Ylds Drift Higher Ahead CPI/PPI
Deutsche: Nov Nonfarms Held Back By Education Weakness
Deutsche sees a higher November nonfarm payrolls figure than consensus (+600k vs +545k Bloomberg median), but a much higher private jobs number (+650k vs +525k expected).
- The discrepancy is due to their expectation that state and local education jobs "may once again be impacted by the seasonal factor".
- Overall, they expect hiring gains to be led by leisure/hospitality, retail, and administrative/waste services, and "would also not be surprised to see couriers and messengers outperform given still-elevated online sales.
- They're in line for avg hourly earnings (+0.4% M/M) and average weekly hours (34.7), but see a bigger dip in the unemployment rate (-0.2pp to 4.4%, vs 4.5% expected).
- That's because they see just under 0.1pp increase in the participation rate, for which more broadly, "Covid remains the biggest driver ".
- They say "most important for Fed officials will be progress on prime age labor force participation (ages 25-54)", which is likely to remain short of pre-Covid highs "until the pandemic is under control to an extent that allows potential workers to predictably forecast caregiving needs".
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.