MNI BRIEF: BOJ Tankan To Show Slipping Sentiment

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: GERMANY OCT IND PROD -1% M/M

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

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 US Employment Insight - Nothing To Rule Out A 50bp Hike

Photo by Tim Mossholder on Unsplash

EXECUTIVE SUMMARY

  • The March U.S. employment report was broadly as expected, i.e. strong. Payrolls growth was in line after positive revisions, the unemployment rate fell more than expected whilst average hours worked was the only disappointing part of the report.
  • Most of the eight sell side analysts reviewed below saw little reason to change their recently ramped up calls for 50bp hikes in upcoming meetings.
  • However, the fact it didn’t show anything that would argue against such tightening saw a further increase in pricing of hikes, pushing the Treasury curve more heavily into inversion across a variety of metrics although both moves are being unwound this morning.

PLEASE FIND THE FULL REPORT INCLUDING THE VIEWS OF EIGHT SELL SIDE ANALYSTS HERE:

USEmploymentReportMar2022.pdf

FOMC Calendar Market NewsHomepageEmployment InsightMarkets
FOMC Calendar Market NewsHomepageEmployment InsightMarkets

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.