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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 OUTLOOK/OPINION
- Released on Wednesday at 1000ET, there are broad expectations for the preliminary annual payrolls benchmark revision to imply large downward revisions to nonfarm payrolls growth through the 4 quarters to March 2024.
- We’ve seen estimates of at least 500k with a central guess perhaps at 600k, but historical upward revisions to the underlying QCEW data and their potential to undercount undocumented labor could see larger downward revisions faded unless there is a particularly large surprise.
- Instead, we feel risk to market pricing is on a smaller preliminary downward revision.
See more at the following link: https://roar-assets-auto.rbl.ms/files/66029/USPrelimBenchmark2024Preview.pdf
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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