Free Trial
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
- Bullard notes in his prepared remarks that he sees monetary policy getting closer to a sufficiently restrictive zone and should reach this zone in 2023. In doing so he links back to his comments from November that a range of Taylor Rules point to a policy rate between 5-7%.
- At the time he saw the need to get rates to a minimum 5-5.25% and indeed the median FOMC dot for 2023 showed 5-5.25% with the December projections as members came around to his minimum rate path.
- However, his remarks don't indicate he sees a strong likelihood of a materially more aggressive path, although either way it remains more hawkish than the market, currently pricing a terminal of a little over 5% before cuts to 4.65% by end-2023.
Source: St Louis Fed
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok