MNI BRIEF: Japan Q2 GDP To Be Slightly Revised Up

MNI BRIEF: German Firms Expanding R&D In China

CHINA AUGUST CAIXIN MANUFACTURING PMI 50.4 VS 49.8 IN JULY

MNI: PBOC Sets Yuan Parity Lower At 7.1027 Mon; +2.85% Y/Y

CHINA PBOC CONDUCTS CNY3.5 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Net Drains CNY467.5 Bln via OMO Monday

EZ/UK Bond Supply Calendar: UK Syndication; AS, DE Due Tuesday

MNI: UK AUG FINAL MANUFACTURING PMI 52.5 (FLASH: 52.5); JUL: 52.1

MNI: ITALY Q2 FINAL GDP  +0.2% Q/Q (+0.2% FCST)

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

UK: Week Ahead

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

Bullard: The Chair Has Done A Good Job At Rallying The Committee

FED
  • Comments on QT: *BULLARD: FED'S TRYING TO USE QT TO PUT UPWARD PRESSURE ON RATES - bbg

*BULLARD: WE'LL KEEP A CLOSE EYE ON HOW QT IS PROCEEDING - bbg

*BULLARD SAYS `GLOBAL QT' SHOULD PUT UPWARD PRESSURE ON RATES – bbg, similar headlines to previous comments

  • Sceptical on recession probabilities: Most models have something to do with longer term rates vs very short term rates and those aren’t predicting recession at this point so probabilities probably aren’t that high. We’re in a pretty good shape to take action to get inflation under control.
  • Hiking pace: it’s not advisable to move too quickly or be too disruptive to markets (when asked about would he take rates to 3.5% instantly). He repeats from previous comments that moving at twice the pace of normal with 50bp hikes is a good pace for now.
  • Consensus on the committee/dissenting: the Chair does a good job in trying to chart out policy that everyone can get onboard with... a good job at rallying the committee.
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.