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.
EXECUTIVE SUMMARY
- Payrolls growth was about as close to expected as can be in September with signs of cooling but a surprise dip in the u/e rate back to joint fifty-year lows of 3.5% continues to show just how tight the labour market is.
- There is no sign of the upward drift in the u/e rate that the median FOMC member expects to see this year to 3.9% as part of their projection for 4.4% Fed Funds come end’22, whilst also bucking signs of relatively softer job demand from August JOLTS data.
- The tightness helps nudge markets to almost fully pricing a fourth 75bp hike at the Nov 2 FOMC but with focus firmly on September CPI on Thursday (Oct 13).
PLEASE FIND THE FULL NOTE HERE:
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