MNI BRIEF: Beijing Retail Sales Growth Decline Narrows In Oct

MNI: China CFETS Yuan Index Up 0.49% In Week of Nov 15

MNI: PBOC Net Injects CNY38.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1907 Mon; +0.11% Y/Y

CHINA PBOC CONDUCTS CNY172.6 BLN VIA 7-DAY REVERSE REPOS MON

CHINA SETS YUAN CENTRAL PARITY AT 7.1907 MON VS 7.1992

Japan Sep Machine Orders -0.7% M/M

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Mester Pushes Back On 75bp Hike

FED
Cleveland Fed's Mester, a '22 voter, pushes back on the growing clamor for a 75bp hike, saying she prefers a methodical approach involving 50bps to get to neutral of around 2.5%. No immediate move in Fed Funds futures pricing for the June meeting, still showing 110bps after a strong rise today, but talk of playing down 75bps helps see a bounce in ESM2.

Bloomberg headlines:

  • MESTER: WANT TO RAISE RATES TO NEUTRAL BY YEAR END, AROUND 2.5%
  • ASKED ABOUT 75 BPS, MESTER SAYS FED DOES NOT `NEED TO GO THERE'
  • MESTER: FAVOR A METHODICAL RATHER THAN OVERLY-AGGRESSIVE PATH
  • MESTER REPEATS SHE FAVORS 50 BPS HIKE, FRONT-LOADING POLICY
  • MESTER:GETTING RATES TO 2.5% THIS YR TO TAKE A FEW 50 BPS HIKES
  • MESTER: FED HAS TO BE RESOLUTE AND INTENTIONAL
  • MESTER: MAY NEED ABOVE-NEUTRAL RATES IF PRICES DON’T EASE
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

To read the full story

Close

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.