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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.
- The 25bp hike, 7-2 vote and lack of change in guidance was in line with expectations, albeit some including us had seen a risk of a softening of the guidance.
- The main takeaway for us was the shift in emphasis to the mean CPI forecasts (rather than emphasis on the modal forecasts).
- It seems to the MNI Markets team that through this communication, the MPC has implicitly validated the market pricing that was used to produce these forecasts.
- The MNI Markets team therefore looks for a further hike in June, albeit with less conviction than the 85% probability priced in by markets are present.
- We have read through over 20 analyst reviews and consensus has also shifted to looking for a final hike in June, which would bring the terminal rate to 4.75%.
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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.
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