MNI BRIEF: Japan Govt Keeps Econ View, Cuts Exports

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1321 THURS VS 7.1358

MNI China Daily Summary: Wednesday, July 24

France Manufacturing Sentiment Lowest Since Dec 2020

MNI: FRANCE JUL MANUF SENTIMENT AT 95

MNI: JAPAN JUNE SERVICES PPI +3.0% Y/Y; MAY REV +2.7%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Context Behind Barkin Not Objecting To Reversing Course On Rate Cuts

FED

Barkin ('24 voter) speaking in Q&A

*BARKIN: NO OBJECTION TO REVERSING COURSE ON RATE CUTS IF NEEDED - bbg


Paraphrased context for the headline:
  • [Talking on moves in long rates] You get a feel of people waiting to pull the trigger until they get more confidence on where things are actually going. I think there is a sense that if you were to lower rates that there is some amount of investment that could come online by people having confidence (especially real estate and banking). People need enough stability in the situation to have the confidence to invest. I have no objection to reverse course if the right answer is to reverse course, but just from a risk management perspective you want to avoid moving hard left and then hard right.

  • Follow-up Q: If there’s an added burden of proof on the first move, then one might think there’s more confidence that the following move is in the same direction?
  • A: I think that’s right yes.
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.