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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.
US DATA
- Nominal personal income growth beat expectations with +0.7% M/M (cons 0.4%) – and with a similar underlying pattern for disposable incomes – for the highest nominal increase since Oct’21.
- Despite this, personal spending also accelerating as expected from 0.6 to 0.8% M/M meant that the personal savings ratio ticked down further to 2.3% after downward revising flagged in yesterday’s Q3 GDP release.
- It leaves the savings ratio running just 0.2pts higher than the all-time low from Jul-05 in a series starting 1959 (albeit a series prone to large revisions), quickly running down the pace of excess savings built up over the pandemic.
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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