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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.
FED
MNI's summary of Analyst Views for the December FOMC meeting was published yesterday (Full PDF is here). Some highlights:
- Most focus is on the 2023 median rate dot in the December Summary of Economic Projections. Opinion is fairly evenly split over what the 2023 median will be between 4.9% and 5.1%.
- Most expect little to no change in the December FOMC statement; some (Barclays, JPM, Morgan Stanley) expect we could see a change to the "ongoing increases" guidance in a direction that suggests the peak in rates is nearing. Though this would probably be offset by some added hawkish language as well (others who don't expect a change to "ongoing" see potential for the statement to add that restrictive policy is needed for "some time").
- Analysts’ peak rate expectations range from 4.6% (Morgan Stanley, SEB) to 5.6% (Nomura).
- More in the full PDF; a summary of rate outlooks 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.
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