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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.
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Free AccessBullard Looks Through CPI Miss, Supports 75bp Hike
St Louis Fed’s Bullard (’22 voter), seems to put little weight on last week’s US CPI miss, speaking for the first time since the MNI Podcast just before the CPI release:
He still sees the Fed needing to hike to 3.75-4% by year-end, but now also explicitly lends support to a third 75bp hike at the Sept FOMC. Below excerpts from WSJ headlines:
- Inflation is too high and it’s too soon to say the inflation surge has peaked, with ways to go before the Fed gets inflation back under control.
- Jobs markets are strong and the outlook remains bright, with it possible unemployment can tick down further.
- Premature to worry about the economy falling into recession whilst it isn’t clear that financial conditions have actually eased as stock prices can distort some measures.
To read the full story
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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.