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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.
DATA REACT
Wells Fargo has a relatively positive take on the June employment report released today, and highlight the improvement in prime-age worker participation.
- They point out that it "showed supply constraints may be starting to fade at least slightly. The labor force increased by 151K, and while that wasn't enough to move the needle on the overall participation rate, the participation rate among prime-age workers (25-54) leapt out of its narrow pandemic range. While businesses are still having a hard time filling positions, staffing challenges do not seem quite as dire based on today's pickup in payrolls."
- In turn, the report "should be encouraging for the Fed", but "a fuller recovery will still take time", even with solid step on the road to 'substantial further progress', we do not think this report will hurry the Fed in its current thinking on when to eventually start tapering."
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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