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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.
EXECUTIVE SUMMARY
- Average hourly earnings provided the major dovish steer with both a downside surprise and large downward revisions...
- ... but were somewhat offset by a resurgence in employment in the separate household survey driving the unemployment rate down to a joint multi-decade low.
- The mixed nature of the report has meant differing takeaways from the fifteen sellside analysts reviewed in our report.
- Instrumental for guiding the market to a 25bp or 50bp hike for Feb 1 will be Powell speaking tomorrow (Jan 10) before CPI on Thursday (Jan 12), with a potential last minute steer from the ECI on Jan 31.
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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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