CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

Cook Maintains Hawkish Fed Line

FED
  • Governor Cook, in her debut prepared remarks for PIIE, kept to hawkish Fed language.
  • Sees Fed likely keeping policy “restrictive for some time”, thinks it “critical that we prevent an inflationary psychology from taking hold” with actual inflation showing “a slower decline than I had anticipated, and I am seeking to better understand the reasons" whilst focusing "on the lag between signs of easing price pressures and actual inflation coming down".
  • She follows Kashkari (’23 voter) most recently seeing “almost no evidence that inflation has peaked” and that “we are quite a ways away from a pause in rate hikes”, helping Fed Funds price a 71.5bp hike for the Nov FOMC, before 120bp to 4.28% in Dec, 4.53% terminal in Mar’23 and 4.26% Dec’23.
  • Cook's full speech here: https://www.federalreserve.gov/newsevents/speech/cook20221006a.htm
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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.