MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Bostic Open To 50bp Liftoff In March If M/M CPI Higher

FED
  • Atlanta Fed's Bostic (non-voter) says he is in favour of a 25bp move at the March meeting as of today, in a discussion with Harvard students.
  • However, ahead of the CPI report on March 10, if M/M inflation trends down, he added that if M/M inflation is higher there would be need to look at a 50bp move, whilst he would remain comfortable with a 25bp hike if its lower.
  • He joins Bullard, Waller, George and Bowman all indicating varying degrees of openness to a 50bp hike depending on upcoming data, with payrolls first on Friday.
  • Consensus currently has core CPI inflation easing from 0.58% M/M to 0.5% M/M in Feb.
  • Fed Funds futures pricing has firmed on slightly more risk-on moves over the past hour, with 28bps priced for March 16 and just above three 25bp consecutive hikes fully priced out to and including June.
Energy BulletsCommodities
Energy BulletsCommodities

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.