MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1315 Fri; -1.12% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1315 FRI VS 7.1339

MNI BRIEF: Fed's Musalem: Interest Rates Likely To Be 3.5%-4% Over Long Run

FED’S DALY: POLICY ADJUSTMENTS LIKELY WARRANTED AT SOME POINT

MNI BRIEF: Japan MOF Official Not Commenting On FX Action

MNI: US JUN TREASURY BUDGET -66B

US Treasury Auction Calendar

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

FOMC Press Conference Q&A Begins

FED
  • Q: How should we interpret the inclusion of the word "any" in the statement?
    • A: We added the word "any" as an acknowledgment we are likely at or near the peak rate for this cycle. Participants didn't write down further hikes but didn't want to take the possibility of further hikes off the table.
  • Q:Could you comment on whether you agree with Waller on cutting rates as inflation continues to fall?
    • A: When we started, the first question was how fast to move; the second is how high to raise rates, and that's really the question we're still on here. People think we're at or near that and think it's not likely we will hike, though they don't take that possibility off the table.
    • The next question is when it will become appropriate to begin dialling back the amount of policy restraint, and that's what people are thinking about. We're seeing growth that appears to be moderating, a labor market that is coming back into balance, and inflation making real progress. We still have a ways to go. No one is declaring victory, that would be premature. So we're moving carefully on whether we need to do more or not. Of course the question of when will it become appropriate to begin dialling back the amount of restraint in place, that begins to come into view and is clearly a topic of discussion out in the world, and also a discussion for us at our meeting today.
    • I would say there's a general expectation that this will be a topic for us, looking ahead. That's really what happened in today's meeting.
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.