FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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: Powell Reiterates Dot Plot "Not a Committee Plan"

FED
  • Powell concludes by repeating statement that risks have moved toward better balance over the past year; won't be appropriate to cut until we have gained greater confidence on inflation moving sustainably toward 2%.
  • "So far this year, the data have not given us that greater confidence.  The most recent inflation readings have been more favorable than earlier in the year, however, and there has been modest further progress toward our inflation objective.  We'll need to see more good data to bolster our confidence that inflation is moving sustainably toward 2%."
  • And the usual caveat of the Dot Plot, "not a committee plan". Repeats from previous meeting, "If the labor market were to weaken unexpectedly or if inflation were to fall more quickly than anticipated, we're prepared to respond", though if economy remains solid and inflation persists, we're prepared to maintain rates for as long as appropriate.
USEM BulletCentral Bank NewsFederal ReserveEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsNorth America

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.