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MNI: FED'S POWELL STILL SEES POSSIBLE PATH TO SOFT LANDING

MNI: POWELL: FED PREPARED TO TIGHTEN FURTHER IF APPROPRIATE

FED'S GOOLSBEE: 'YOU CAN'T BACK OUT NOW' ON INFLATION FIGHT

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MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

FOMC Decision: Instant Answers

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A reminder about our "Instant Answers" that we plan to release upon the publication of the November 1 FOMC statement at 1400ET /1800UK. The questions that we have selected for this meeting are as follows (and the answers we expect to receive below):

  • Federal Funds Rate Range Maximum
  • Does the FOMC characterize inflation as easing in the first paragraph?
  • Does the FOMC add a reference to tighter "financial" conditions?
  • Does the FOMC change the phrase "In determining the extent of additional policy firming that may be appropriate"?
    • If yes, does the FOMC remove the reference to "policy firming"?
    • If yes, does the FOMC add a reference to the "timing"?
  • Number of dissenters on size of rate move
MNI Markets Team Expectations: 5.50% upper Fed funds limit (ie unchanged); no change in inflation characterization; 50/50 chance they add a reference to tighter financial conditions; no change to forward guidance (including references to policy firming or timing), and no dissenters.
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A reminder about our "Instant Answers" that we plan to release upon the publication of the November 1 FOMC statement at 1400ET /1800UK. The questions that we have selected for this meeting are as follows (and the answers we expect to receive below):

  • Federal Funds Rate Range Maximum
  • Does the FOMC characterize inflation as easing in the first paragraph?
  • Does the FOMC add a reference to tighter "financial" conditions?
  • Does the FOMC change the phrase "In determining the extent of additional policy firming that may be appropriate"?
    • If yes, does the FOMC remove the reference to "policy firming"?
    • If yes, does the FOMC add a reference to the "timing"?
  • Number of dissenters on size of rate move
MNI Markets Team Expectations: 5.50% upper Fed funds limit (ie unchanged); no change in inflation characterization; 50/50 chance they add a reference to tighter financial conditions; no change to forward guidance (including references to policy firming or timing), and no dissenters.