MNI China Daily Summary: Monday, March 20

MNI BRIEF: Taiwan Export Orders Down In February

(RPT) MNI INTERVIEW: Credit Crunch Looms On Bank Runs - Stein

PPI Continues to Ease in Feb as Energy Prices Decline

MNI: GERMANY FEB PPI -0.3% M/M (FCST -1.4%); JAN -1.2%r M/M

Coming up in the Asia-Pac session on Monday

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

MNI BRIEF: Trudeau Justified Using Emergency Act, Judge Finds

MNI: Canada Boosting Health Spending CAD46.2B Over 10 Years

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Fed Hikes 25BPS, No Hints Of Pause For Now

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  • (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.
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  • (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.