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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 OUTLOOK/OPINION
- The payrolls report for October kicked off the macro calendar shortly after the last FOMC decision, coming in softer than expected and with particularly large downward revisions.
- It was a broadly dovish report, with the unemployment rate surprising higher whilst both average hourly earnings and hours worked surprised lower.
- The JOLTS report more recently added to this dovish outlook, with job openings surprising notably lower at 8.7M which meant the ratio to unemployed fell from 1.47 to 1.34 for its lowest since Aug’21, resuming progress closer to the 1:1 ratio the Fed wants to see and the 1.2 averaged in 2019. Quits rates are already back at pre-pandemic levels.
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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