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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 AccessFOMC Maintains Rates, QE Guidance; Median 2 Hikes By End-2023; IOER Hike
- Updated interest rate projections show the median committee member now sees two rate hikes by end-2023, with 7 out of 18 members wanting liftoff next year (so median dot for 2022 still for near-zero rates)
- FOMC made no changes to its QE and rates guidance, maintaining it will keep buying assets until it sees "substantial further progress" toward its mandates
- Hikes IOER and ON RRP rates by 5 bps each
- Acknowledges vaccine progress in statement
- Change in inflation language: "inflation having run persistently below" the 2% longer run goal, instead of "inflation running persistently below"
- Employment forecasts nearly the same
- Growth and inflation forecasts upgraded
To read the full story
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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.