MNI BRIEF: BOJ Sees Risks To Prices In FY25, FY26 Balanced

BOJ: RISKS TO PRICES IN FY2024, 2025 BALANCED

BOJ BOARD SEES FY26 REAL GDP +1.0%

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

Australia Q1 Export Price Index -2.1%; Import Price Index -1.8%

Australia Q1 PPI +0.9%; Most Industries Rise

Japan Tokyo Apr Core CPI +1.6% Y/Y

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

GS Stronger Than Consensus For Payrolls, AHE and U/E

US OUTLOOK/OPINION
  • Goldman are well above consensus for nonfarm payrolls growth, forecasting 300k vs the 190k consensus.
  • They see this reflecting a variety of factors including elevated labor demand, the strong recent payroll trend, a 36k boost from the return of striking education workers, strength in Big Data employment indicators and favourable seasonal factors.
  • Further, jobless claims remain extremely low, and while corporate layoff announcements have increased in recent months, only 15% of California layoff filings since December had been implemented by the January payroll period.
  • They see AHE growth of 0.4% M/M (cons 0.3%), reflecting a 0.05pp boost from start-of-year wage hikes and neutral calendar effects.
  • Turning to the household survey, they see the u/e rate unchanged at 3.5% (cons 3.6%) reflecting higher household employment offset by flat-to-up labor force participation rate.
HomepageGoldman Sachs Market NewsBulletMarketsFixed 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.