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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 DATA
- With the earlier PCE report, personal income (+0.3% M/M) and spending (0.0% M/M) were marginally stronger than expected in March but partly offset by revisions.
- The real data offered exactly the same figures, with real disposable income increasing 0.3% M/M and real consumption a subdued 0.0% M/M after -0.2% M/M with the quarter’s strength coming from the 1.4% jump in January.
- It saw the saving ratio increase 0.3pts to 5.1%, the sixth monthly increase for its highest since Dec’21.
- This level of savings rate is still far below the pre-pandemic trend but sees a slower pace at which it eats into “excess savings” accumulated through the pandemic (having been subtracting around $250B per quarter in 2H22 from these built-up savings to an estimated $1.2T in Q4).
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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