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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.
Executive Summary
- Bloomberg consensus sees nonfarm payrolls growth of 200k in February but two-month revisions will likely be watched particularly closely.
- Typical January seasonality biases seasonally adjusted jobs growth higher in times of a tight labor market, but this effect will drop out in February.
- Hours worked and by association hourly wage growth also watched to see how much of last month’s sharp surprises were down to bad weather.
- There is an usually wide range of analyst estimates for average hourly earnings.
- The round of strong January reports and Fedspeak preaching patience on rate cuts has seen markets not quite fully price a first cut in June (kicked to July) before a total 90bp of cuts for the year.
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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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