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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
Some significant changes to the June Dot Plot vs March's, as suggested by the big rises in the year-end medians - see table:
- The top "dot" for 2023 is now above 6%, at 6.125% (100bp of hikes for the rest of the year). The top dot was 5.875% prior.
- Only 2 dots at current levels (5.125%), with Powell and the center of the Committee likely at 5.50-5.75% (9 dots) and the hawks and doves on either side (6 below, 3 above).
- A definite shift up in 2024 dots, whereas 9 were at 4.1% or below last time, now just 2 are there - in line with increases to the 2023 distribution. 100bp of cuts are now implied in 2024, vs 87.5bp prior.
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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