MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Jan FOMC Minutes Preview (2/2): Watching For Taper And IOER Hints

FED
  • Credit Suisse sees the minutes likely to show most participants in line w Powell's dovish stance at the press conference, but "expect some participants to be more hawkish about asset purchases and inflation risks".
  • BMO FICC sees two areas of main focus: one is financial stability/bubble risk, with Fedspeak since the meeting downplaying concerns about "financial excess". The other is "any indication as to the level of concern on the situation in funding markets", namely the possibility of adjusting the IOER and ON RRP rates at the March FOMC, given the well-flagged rundown of the Treasury General Account and rising reserves which may make the FOMC "endeavor to be proactive".
  • NatWest sees the minutes echoing Powell's recent dovishness, both in the post-FOMC press conference and his speech last week in which among other things he said he doesn't expect a "large or sustained" rise in inflation.
  • Nordea is looking for discussion about QE - "it could be interesting" if it was more than just a few FOMC participants discussing whether to taper purchases earlier than expected, going into the meeting.
Energy BulletsCommodities
Energy BulletsCommodities

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.