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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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EXECUTIVE SUMMARY:
- Bloomberg consensus sees nonfarm payrolls growth of 171k in December after November’s 199k was boosted by 38k workers returning from strikes.
- The public sector is expected to see further above-average job creation with private sector focus on health & social assistance as well as retail.
- Both AHE and the unemployment rate are seen marginally dovish vs November, but exaggerated by rounding and with primary dealer analysts tilted to a small hawkish surprise across both categories.
- The household survey (i.e. including the unemployment rate) will see historical revisions to seasonally adjusted figures, zero sum over the year but potentially altering recent trends.
- We see two-sided sensitivity after the recent trimming in Fed rate cut expectations.
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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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