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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.
FED
The updated economic projections are below. The major standout of course is the big rise in the 2024 end-year rate median to 5.1% which was not expected by any of the 30 analysts whose previews we read (highest est was 4.9% with upside risks).
- The 3.9% for 2025 carrying over from that 2024 number is also an upside surprise.
- That comes alongside the changes in the macro projections: a big rise in 2023 growth (as expected, but 2.1% is at the high end of expectations) and an unexpectedly high carry-over for 2024; the sharp drop in unemployment for 2023 and especially 2024; and a less-dovish-than-expected core PCE projection to 3.7% which most analysts saw dropping to 3.6% of lower (though headline projections are roughly in line).
Source: Federal Reserve
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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