MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI U.S. Weekly Macro Wrap: Further Signs Of Cooling

MNI U.S. Weekly Macro Wrap: Further Signs Of Cooling

Executive Summary

  • Real GDP growth was revised higher in Q1 but with dovish details including softer consumer spending.
  • Core PCE inflation was a little lower than expected in May on an unrounded basis, leaving an attainable path to the FOMC’s recently upward revised end-2024 forecast, although it’s only the first month of the year at a pace equivalent to below the 2% target.
  • A surprise rise in the household savings rate in May suggests some nascent consumer caution in Q2.
  • Jobless claims extended their recent cooling trend with continuing claims increasing to new recent highs.
  • Fed implied rates reversed most of their externally-driven increase from earlier in the week.

PLEASE FIND THE FULL REPORT HERE:

US week in macro_240628.pdf



Markets
Markets

To read the full story

Close

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.