DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Equities Add to Recovery as Fed Stick to Taper Plans

CROSS ASSET
  • E-mini S&P prints a fresh session high of 4446.25 in response to the Fed decision, with the Fed sticking to their original plan to complete the asset purchase taper by March. There were some outside concerns that the Fed could bring forward their timing, helping prompt a minor relief rally in stock markets, with some initial downside pressure on the USD.
  • The initial dip in the dollar has proved shortlived, with the greenback gaining as markets also take into account the release of the "Principles for Reducing The Size of the Federal Reserve's Balance Sheet", detailing the Fed's thought process for the balance sheet going forward. The included details are fairly vague, but plenty of details to fill in on pace/timing/reinvestments etc and thus plenty of questions for Powell in a half hour.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange BulletsAT&T Market NewsBank of America Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsCommoditiesEquitiesBulletMarketsEmerging Market NewsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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.