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.
DATA REACT
Despite the headline beat in the US ISM manufacturing index (59.9 in Aug vs 58.5 expected and 59.5 prior), note that price pressures are levelling out (79.4 index in August, down for the 2nd straight month and the lowest reading of 2021).
- Also, employment is lower (49.0, vs 52.9 prior and the lowest reading since Nov 2020).
- Pretty much every respondent lamenting supply-chain issues: (the full ISM August report)
- In terms of Fed policy-setting, therefore, this is a modest boost for doves seeing inflation as transitory and still awaiting "substantial further progress" before tapering.
Source: ISM, MNI
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