Free Trial

Goolsbee Cautious On Rate Hikes But Rejects Pre-Emptive Cut

FED
  • In rare remarks, Chicago Fed’s Goolsbee (’23 voter) says "We should gather further data and be careful about raising rates too aggressively until we see how much work the headwinds are doing for us in getting down inflation."
  • FOMC-dated OIS implied hikes for the May 3 FOMC are trimmed by ~1bp to 18bp after earlier increases, back close to Monday’s close but with tomorrow CPI print firmly in focus.
  • Q&A still to follow.

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.