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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
- Economic data showed that retail sales were strong in October despite rising inflation, surging to a new all-time high of 566bn USD, and therefore confirming that household demand remains resilient.
- On the other hand, consumer confidence has remained at depressed levels despite the sharp recovery in equities.
- Michigan consumer sentiment fell to a 10-year low in November (below Covid levels) amid elevated uncertainty over the economic outlook and inflation.
- The chart below shows the strong divergence between the two times series since the start of the pandemic.
- Will the Fed be able to hike rates if consumption growth starts to fade in 2022?
Source: Bloomberg/MNI
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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