Free Trial

Citi FOMC Review: Economic And Not Pandemic Outcomes

FED

Citi saw the April FOMC statement in line with expectations, with Powell's presser largely emphasizing the statement's cautious optimism.

  • Of note was Powell saying that economic outcomes, not an improving pandemic backdrop, were the pre-requisites for changing policy.
  • "While the latter should coincide with the former, Powell's comments highlight the Fed's stance to not move pre-maturely absent actually meeting dual-mandate goals. This marks a slight divergence from earlier herd immunity comments made by St. Louis Fed President James Bullard."

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.