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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
June saw continued upside pressure on workers' wages, according to the Atlanta Fed's median wage growth tracker which shows a jump to 6.7% in June vs 6.1% in May.
- That's easily the fastest growth in the period covered by the indicator going back to 1983.
- The Fed has been concerned about labor sector tightness as evidenced in part by rapidly rising wages showing an imbalance between labor supply and demand. This reading shows that wages continue to rocket higher and will add further impetus to the Fed tightening cycle.
Source: Atlanta Fed, 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.
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