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Global Macro
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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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Free AccessMacro Takeaways From US Earnings (Cont):
- JPM's Dimon writes that the US economy continues to be resilient, with consumer balance sheets remaining healthy. They add that consumers are spending, albeit a little more slowly.
- They identify the risks as consumers slowly using up their cash buffers, core inflation being stubbornly high, quantitative tightening, large fiscal deficits and the war in Ukraine.
- On home lending, JPM revenue was down 23% excl. First Republic, driven by tighter spreads, lower servicing revenue and lower production revenues.
- JPM earnings call to begin at 0830ET, call link here: https://event.webcasts.com/starthere.jsp?ei=162072...
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.