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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.
FED
Some personnel changes to note from the inter-meeting period:
- St Louis Fed President Bullard’s unexpected departure effective immediately before the pre-FOMC blackout period (he left to take an academic position) removes one of the more hawkish elements on the Committee, in addition to the long-standing vacancy at the Kansas City Fed.
- He was not due to vote until 2025, but had more influence than most regional presidents as the longest-serving policymaker (he’d been on the FOMC since 2008).
- Lisa Cook, Philip Jefferson, and Adriana Kugler have seen their respective nominations approved by the Senate banking panel to advance to a full Senate vote. Two of those three are already on the FOMC and "known quantities": Cook's term expires in 2024 but she's been nominated for a 14-year extension; Jefferson is set to take Brainard's Vice Chair spot.
- But Kugler (a labor economist, and US representative to the World Bank) will be a new FOMC voter. She Kugler will probably enter our Hawk-Dove matrix as a "neutral" dot upon her confirmation, with the Board already fairly well-balanced between the more hawkish leaning (Waller, Bowman) and those who lean dovish (Williams, Jefferson).
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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