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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 AccessMNI BRIEF: Wages, Profits Slowing Core HICP Fall - ECB's Lane
Big declines in food and goods inflation are expected over the course of 2023, ECB chief economist Philip Lane told the ECB Watchers conference in Frankfurt on Wednesday, while spillover effects from high energy costs will also fall. But strong wage growth and profit growth are slowing the downward path of core inflation, led by increases in the service sector particularly.
Nominal wage growth is expected to continue over the next couple of years, but by smaller increments than previously seen, Lane said, with wage negotiations for 2024 a key indicator.
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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.