MNI BRIEF: NZ Economy Shrinks 1%, 80bp More Than Expected

MNI: Rough Transcript of Powell's December Press Conference

MNI: FED'S POWELL-AT OR NEAR POINT WHEN CAN BEGIN TO SLOW CUTS

CORRECTS-MNI INTERVIEW: CBRT To Cut 2-3 Times By Feb-Cangoz

MNI China Daily Summary: Wednesday, December 18

MNI BRIEF: China Youth Umemployment Rate Fell In November

US EIA: CRUDE OIL STOCKS EX SPR -0.93M TO 421.0M DEC 13 WK

MNI: US NOV HOUSING STARTS 1.289M; PERMITS 1.505M

MNI: US Q3 CURRENT ACCOUNT GAP -$310.9B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FED: FED: Instant Answers: Fed Cuts 25BP; SEP Signals 2 Cuts In '25, 2 In '26

FED
USEM BulletCentral Bank NewsFederal ReserveFixed Income BulletsBulletMarketsEmerging Market NewsForeign Exchange BulletsNorth America
  • Federal Funds Rate Range Maximum: 4.5%
  • Number of dissenters on size of rate move: One. Cleveland Fed President Beth Hammack preferred to maintain target range at 4.5% to 4.75%. SEP's "Dot Plot" shows total of 4 officials wanted to hold rates steady. 
  • Median Projection of Fed Funds Rate at End of 2025: 3.9% vs 3.4% PREV
  • Median Projection of Fed Funds Rate at End of 2026: 3.4% vs 2.9% PREV
  • Median Longer Run Projection of Fed Funds Rate: 3.0% vs 2.9% PREV
  • Number of 2025 dots > 3.625%: FOURTEEN
  • Number of 2025 dots < 3.625%: TWO
  • ON RRP Offer Rate: 4.25%. Fed lowered rate 5BP to "support effective monetary policy implementation and the smooth functioning of short-term funding markets."
119 words

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.
  • Federal Funds Rate Range Maximum: 4.5%
  • Number of dissenters on size of rate move: One. Cleveland Fed President Beth Hammack preferred to maintain target range at 4.5% to 4.75%. SEP's "Dot Plot" shows total of 4 officials wanted to hold rates steady. 
  • Median Projection of Fed Funds Rate at End of 2025: 3.9% vs 3.4% PREV
  • Median Projection of Fed Funds Rate at End of 2026: 3.4% vs 2.9% PREV
  • Median Longer Run Projection of Fed Funds Rate: 3.0% vs 2.9% PREV
  • Number of 2025 dots > 3.625%: FOURTEEN
  • Number of 2025 dots < 3.625%: TWO
  • ON RRP Offer Rate: 4.25%. Fed lowered rate 5BP to "support effective monetary policy implementation and the smooth functioning of short-term funding markets."