MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Collins: Need Greater Clarity Before Cutting Gradually

FED

Boston Fed's Collins ('25 voter) reiterates themes from earlier this month around the need for greater confidence that inflation is sustainably on a path to 2% before cutting, with cuts expected later this year.

  • “Recent data illustrate the need for greater clarity that inflation is sustainably on a path back to the 2% target before adjusting the policy stance,”
  • “I do expect the economy will eventually slow as we see the full effects of past monetary policy actions take hold. But I also expect the path will continue to be bumpy, and we should not overreact to individual data readings”
  • Pace of cuts: "A methodical, forward-looking approach to reducing rates gradually should provide the necessary flexibility to manage risks, while promoting stable prices and maximum employment,"
  • Her prepared remarks don’t have much impact on Fed pricing, which has eased today despite GDP revisions showing signs of stronger domestic demand and slightly faster than previously thought core PCE inflation back in Q4. There are currently 82bp of cuts priced for 2024.
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.