Free Trial

MNI US Employment Insight, Aug'22: Full Steam Ahead For Fed

Photo by Eric Prouzet on Unsplash

EXECUTIVE SUMMARY

  • Payroll growth twice the pace expected, pushing payrolls back above pre-pandemic levels
  • U/E rate surprisingly falls to joint fifty-year low and AHE growth accelerates from upward revision
  • With CPI on Wed and plenty of data before the Sep FOMC, analysts are reluctant to formally change rate calls but see greater risk of a third 75bp hike

PLEASE FIND THE FULL NOTE INCLUDING RECAPS FROM 12 SELLSIDE ANALYSTS HERE:

USEmploymentReportAug2022.pdf

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.