FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Cook: Prudent For Fed To Move In Smaller Steps

FED
  • Treasuries currently fade Fed Governor Cook’s comments coming within an hour of Chair Powell’s remarks, with 2YY currently +4.5bps on the day at 4.521%, although they do offer a cautious tone than most recent Fedspeak.
  • Fed Governor Cook said it would be prudent to start moving in smaller steps, given the monetary tightening already in the pipeline and that policy works with long lags.
  • “How far we go, and how long we keep rates restrictive, will depend on observed progress in bringing down inflation,"
  • Housing-related inflation: “Notably, inflation in housing costs shot up this year and will likely contribute substantially to overall inflation for some time” but “some good news is emerging on this front. Rent increases on new leases have slowed in recent months”.
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.