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Policy
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI:Largest Canada New Home Price Dip Since `09 Led By Toronto
MNI: Canadian Oct Retail Sales Rise For Fourth Straight Month
MNI POLITICAL RISK - Trump Cabinet Hits First Roadblock
Daly On Preferred Rate Path
- SF Fed’s Daly (’24 voter) repeats that she sees 50bp hikes at the next two meetings as part of wanting to get to neutral at about 2.5% to look to see what more needs doing once there.
- She isn’t forecasting beyond July because more data is needed but notes that whilst the Fed must remove accommodation it must also be open to data.
- Mixed on labor developments: “Business contacts are ‘fiercely competing’ for workers”, but equally, “contacts don’t see consistent requests for higher wages” and she doesn’t see signs of a wage-price spiral.
- On QT: SEE BALANCE SHEET TRIMMING DELIVERING ABOUT 25 BPS OR 50 BPS OF TIGHTENING - RTRS
- Little further impact in Fed Funds which have already increased firmly following the ISM mfg beat, sitting near the day’s highs at 102bps for July and 197bps of hikes priced to year-end with the latter more than unwinding last week’s drop on weak US data, including the PMI miss.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.