MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

MNI: PBOC Sets Yuan Parity Lower At 7.1313 Mon; -1.35% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1313 MON VS 7.1315

Asia Sovs Little Changed, Local FX Lower, ID Trade Surplus Narrows

Q2 GDP Below Expectations, Consumer Side Still Appears Soft

CHINA JUN INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.0% Y/Y: NBS

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

Fed Signals Three 2024 Rate Cuts As Pause Extended

FED
  • (MNI)- Federal Reserve officials held interest rates steady Wednesday at their highest level in 22 years while signaling they expect to cut them three times next year as inflation falls more than previously expected.
  • The Summary of Economic Projections showed policymakers penciling in a median 4.6% rate of interest for the end of 2024 -- down from 5.1% in the September projection -- and core PCE inflation ending next year at 2.4%, lower than the 2.6% September projection.
  • The Fed will take into account the lags and cumulative effects of policy in “determining the extent of any additional policy firming that may be appropriate,” the FOMC said in its last post-meeting statement of the year. The addition of the word “any” is a hint that policymakers largely believe they are done hiking rates.
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar 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.