Free Trial

Fed Hikes 25BPS, No Hints Of Pause For Now

EMERGING MARKETS
  • (MNI) WASHINGTON - The Federal Reserve raised interest rates by a quarter percentage point as expected Wednesday, repeating that it anticipates "ongoing increases" will be needed and offering little hint on the timing of a pause in tightening.
  • "The Committee anticipates that ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time," the Committee said, reaffirming its guidance from December.
  • The Fed made minor tweaks to its statement, acknowledging a recent easing of inflation. They also replaced the word "pace" of hikes with "extent", suggesting they are set to keep moving in 25bp increments.

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.