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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessFederal Reserve Bank of St Louis President.......>
US: Federal Reserve Bank of St Louis President James Bullard with some dovish
statements in the opening remarks and initial questions of Q&A session at the
ongoing MNI event in Tokyo:
- Current Fed funds rate of 1.50-1.75% already pressing against where the
neutral rate might be, which could be below 2.0%.
- The Italy crisis and surrounding market volatility serves as a reminder that
the current policy rate path is `priced for perfection`
- Fed is not behind the curve...in fact it is ahead of the curve. As a metric,
Bullard watching the flattening of the 1Y/10Y yield curve (as opposed to the
commonly used 2s10s), which he says has 100% accuracy in predicting recession
when inverted.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.