MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

Focus On Taper Talk In Fed Minutes

US OUTLOOK/OPINION
Deutsche Bank, ING and RBC are all looking to the upcoming Fed minutes primarily for any taper acceleration discussions. The minutes from the Nov 2-3 meeting will be published at 1400ET/1900GMT.
  • Deutsche Bank "will closely scrutinize the minutes for any discussion of economic conditions that may prompt policymakers to adjust their pace of tapering".
  • They are currently looking for two hikes in 2022 (Jul & Nov) before three in 2023 and three more in 2024.
  • ING look for "special attention to any discussion around the possible acceleration of the taper schedule after December".
  • Whilst noting that the meeting was prior to the strong CPI print, they note that "any additional sense of urgency on that topic will resonate with already skittish US markets".
  • RBC are focused on the prospects around speeding up taper. "Powell said the Fed reserves the right to speed up if necessary (it relishes its options). But we want to see the degree to which this is being considered".
  • They will also watch "for any discussion around lifting rates". Powell repeated in the presser that "there was a different set of criteria for hiking than there was for taper, but we will be curious to see the extent to which folks around the table think the same thing".


HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.