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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
The March edition of the Fed's quarterly Summary of Economic Projections tends to bring fairly limited changes from the December version. That’s simply due to the fact that there is fairly limited data received in the 3 months between formulating annual forecasts.
- The MNI Markets Team’s expectations for the updated Economic Projections are below.
- We could see some modest upward drift in the 2024 GDP growth and PCE inflation forecasts given recent data, but few if any other changes are expected.
- There are upside risks to the inflation forecasts in particular, perhaps of increases of 0.2pp for 2024 for both core and headline, depending on participants’ interpretation of the Jan/Feb data.
- An upward shift in these rows would be examined in the context of a potential increase in the median Fed Funds rate dot profile. Our Instant Answers will include the 2024 core and headline PCE medians.
Source: Fed, MNI
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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