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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 OUTLOOK/OPINION
- The fall in temporary help services has increasingly come into focus from analysts and FOMC members alike, declining for five consecutive months into December.
- The extent to which it might be a leading indicator for a potential broader deterioration sees two schools of thought from FOMC members at either end of the dove-hawk spectrum:
- Vice Chair Brainard on labour market (Jan 19): “Recent declines in average weekly hours, temporary-help services, and monthly payrolls growth suggest tentative signs that labor demand is cooling. Employment at temporary-help services firms—a good leading indicator—peaked in July 2022 and has been declining since then, ending the year only slightly above its December 2019 level.”
- Gov. Waller: it “may be due at least in part to employers opting to hire full-time workers in place of temps to help keep jobs filled” (Jan 20).
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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