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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.
FED
- Minneapolis Fed's Kashkari (’23 voter) has published an essay (see here) which shows his 2024 dot at 5.25-5.5%, 25bps above the FOMC median and one of four at this level.
- There are two dots higher, one at 5.5-5.75% (unknown) and one at 6-6.25% (subsequent comments suggest Bowman).
- He then converges to the 3.75-4% median for end-2025.
- He sees a 60% probability of a soft landing scenario when the FOMC hikes potentially once more before holding, and a 40% probability of a "high-pressure equilibrium" that sees the FOMC needing to raise rates further, potentially going significantly higher to push inflation back down to our target.
(We suspect the years in the chart label are one year out of date)Source: Minneapolis Fed
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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