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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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Further to our earlier note on November's wage growth (+5.1% Y/Y) being well above what is consistent with the Fed's 2% PCE target, this is what Fed Chair Powell said about wage increases in Wednesday's Brookings Q&A - referring to the "third category" of core PCE the FOMC is looking at in terms of inflation pressures (the others being core goods prices and shelter).
- At the time, average hourly earnings had been thought to have dipped to a 10-month low of 4.7% Y/Y in Oct (rev up to 4.9%).
- Expect him to be asked at the December FOMC press conference about this re-acceleration, and what it implies for the policy outlook.
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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