Free Trial
USDCAD TECHS

Heading South

AUDUSD TECHS

Northbound

EURJPY TECHS

Breaches Key Short-Term Support

US TSYS

Late SOFR/Treasury Option Trade

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FED
  • Q: Are you concerned rate hikes seen so far might increase risks to financial stability?
  • A: There are precedents for the FOMC moving very quickly, for example, 1994, 1980. We've been known to [hike rapidly] when it's the appropriate thing to do. This year, it clearly is. I'd say, given how quickly we've moved, I'm gratified that while basically, markets have been working, they've been orderly. There's been volatility, but that's only to be expected.
  • From a financial stability perspective, asset values are down, which, which in some sense, lowers vulnerabilities. It's when they're really high that you would worry they're vulnerable.
  • You have a well-capitalized banking system, households are generally in about as strong financial shape as they've been in a very long time or perhaps, ever, given the money that's on people's balance sheets and so, from a financial stability standpoint, a pretty decent picture. There are plenty macroeconomic issues that don't rise to the level of financial stability concerns.
  • That's not to say that people at the lower end of the income spectrum aren't suffering. They're suffering from high inflation. They're going to the grocery store and finding that, in many cases, their paycheck doesn't cover the food they're accustomed to buying. It's very unfortunate and that's why we're committed to bringing down inflation.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.