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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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- We’re left with a labour market that was still drumming up very fast seasonally adjusted payrolls creation in February (311k vs cons 225k) albeit with downward revisions taking the gloss off, especially for the private sector.
- However, increased labour supply plus a small miss for overall AHE growth helps mitigate inflationary pressures but it’s only one month of data, with more reliable wage measures and clearly upcoming CPI in firm focus.
- Powell’s prior openess to a 50bp hike at the upcoming meeting helped limit market reaction but continued fallout from SVB’s failure has seen huge FI rallies with Goldman leading analysts in calling for a temporary pause with the March FOMC decision.
FULL REPORT: https://marketnews.com/mni-employment-insight-mar-23-svb-related-fallout-trumps-goldilocks-report
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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