💥 MNI US CPI Preview - Potential Tiebreaker: - Headline CPI primed for a ‘low’ 0.2% M/M reading, but we expect rental inflation & especially the smaller weighted primary tenants’ rent category to play a particularly big role this month - There is almost no reasonable outcome from the CPI data to prevent the FOMC from cutting next week – but the result could be a market mover either way given lingering hopes of a 50bp cut - Landing in the FOMC’s blackout period, a weak report will see markets on tenterhooks 👉 https://lnkd.in/emfXfpdj #macroeconomics #globalmacro #useconomy #inflation
MNI
Financial Services
London, England 15,760 followers
MNI is the leading provider of intelligence & analysis on the Global Fixed Income, FX and Energy markets.
About us
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. To learn more, please visit www.marketnews.com. Request a free trial: https://www.marketnews.com/content/request-free-trial Follow MNI on Twitter: www.twitter.com/MNIMarketnews
- Website
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https://www.marketnews.com/
External link for MNI
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- London, England
- Type
- Privately Held
- Founded
- 1983
- Specialties
- Fixed Income, Foreign Exchange, Breaking financial news, Exclusive interviews with Central Bank officials, Analysis, Central Bank Policy, Oil & Gas, and Emerging Markets
Locations
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Primary
69 Leadenhall Street
London, England, GB
Employees at MNI
Updates
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MNI reposted this
Ahead of the next monetary policy meeting of the ECB Governing Council, in an interview with MNI, Volker Wieland argued that high levels of government debt and spending have pushed up the neutral rate of interest, leaving the European Central Bank little room to ease monetary policy. "Regarding German inflation, Wieland cautioned against reading too much into the most recent data which suggested prices rose just 1.9% in August". https://marketnews.com/ #monetarypolicy #inflation #ECB
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🦅🇺🇸 MNI US Payrolls Preview - Tightrope: 25 or 50bps - The scope for revisions to the prior two months is high, exacerbated by low response rates. Expect particular sensitivity to the unemployment rate, calculated from the separate household survey. - Surprises in either direction can confirm either a 25bp or 50bp cut in Sep. - Powell has dialled up sensitivity on labor-related releases by saying, “we do not seek or welcome further cooling in labor market conditions” which should see 50bp cut expectations dialled up on any further deterioration, but equally an in-line report could see calls for a measured approach to cuts. 👉 https://lnkd.in/emfXfpdj #macroeconomics #globalmacro #useconomy #inflation
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🇨🇦 ❕ MNI BoC Preview, Sep 24 - Low Bar For A Third Cut Has Been Met: - The BoC is more than fully priced to opt for a third consecutive 25bp cut on Wednesday to 4.25% - A retention of language should tee up scope for further rate cuts ahead - A trimming of extremely large CAD net shorts introduces some slightly more two-sided risks from surprises 👉 https://lnkd.in/emfXfpdj #macroeconomics #globalmacro #cad #inflation
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MNI reposted this
Conversé con Larissa Garcia, corresponsal para América Latina de MNI, sobre #PolíticaMonetaria en #México. Estos son algunos aspectos sobre los que platicamos: • Un elemento clave que abrió la discusión sobre recortes de la tasa de referencia en la reunión de marzo pasado, y que sigue siendo relevante, es el importante avance en el proceso desinflacionario. • Un riesgo a la baja para la inflación que se está materializando tiene que ver con la debilidad de la actividad económica, por lo que estaré atento a cómo se ve reflejado en el proceso de formación de precios. • En este contexto de avance en el proceso desinflacionario, comenté respecto de la necesidad de ajustar el nivel de restricción monetaria. Mantener la tasa de referencia en niveles excesivamente elevados podría generar distorsiones en los mercados y en la economía. Los invito a leer la entrevista en el siguiente enlace: https://lnkd.in/gB3YGSjG
I spoke with Banxico Deputy Governor Omar Mejía Castelazo about the need to adjust interest rates according to the progress of disinflation and how excessively high rates for a prolonged period can cause distortions in the economy. Read the interview here: https://lnkd.in/dvZSbapA
MNI INTERVIEW: Lower Rates With Disinflation- Banxico's Mejia
marketnews.com
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MNI reposted this
Many are monitoring trends in the #staffing and temporary help services industry for clues to where the labor market might go next. I recently had the chance to speak with Jean Yung of MNI regarding the staffing industry's ongoing stabilization, and what that says about jobs and wages ahead of September's #FOMC meeting - a big thank you for the chance to share my thoughts on the #LaborMarket. Read the full story at https://bit.ly/47594uC and make sure to visit the American Staffing Association website for more insights.
MNI INTERVIEW: Flat US Temp Worker Demand Signals Job Cooling
marketnews.com
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MNI reposted this
The disinflation train looks set to remain on track with this week's PCE report.
MNI US PCE Preview: Spending In Focus
marketnews.com
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🇪🇺 💥 MNI Eurozone Inflation Preview, Aug 2024 - Olympic Effect Eyed: - The Eurozone August flash inflation round is not likely to deter the ECB from delivering a 25bp rate cut at its September 12 meeting, but will help inform the guidance around the likely path for policy into year-end. - Our preview includes analysis of price categories to watch, assessments of underlying inflation trends, outlooks for the French, German, Spanish & Italian national inflation prints, and sell-side analyst previews. 👉 https://lnkd.in/emfXfpdj #macroeconomics #globalmacro #inflation
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MNI reposted this
Check out this excellent Jackson Hole interview by my colleague Jean Yung with Philadelphia Fed President Patrick Harker.
MNI INTERVIEW: Fed's Harker Ready To Start 'Methodical' Cuts
marketnews.com
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🦅🇺🇸 This week MNI's Policy team are covering the Jackson Hole Symposium. Keep up to date with our exclusive reporting, interviews & podcasts during the buildup to the eagerly-awaited keynote presentation by Fed Chair Jerome Powell. 👉 https://lnkd.in/emfXfpdj #globalmacro #inflation #useconomy #macroeconomics