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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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Free AccessMester Says Rebound Is Like A Tale of Two Cities
- Cleveland Fed President Loretta said in Q&A Monday she expects wide variance from sector to sector in the rebound from coronavirus. She says economic activity has picked up in areas responsive to low interest rates like housing and auto but not restaurants and other industries. "It is like a tale of two cities."
- "I think that's gong to continue for some time," she said. "We still have the economy very much driven by what happens to the virus."
- "We are still in a deep hole...We are still down 11 million jobs," Mester said.
- The Cleveland Fed chief said the economy "need[s] some more fiscal support" and for monetary policy "we expect to be very accomordative for quite a long time."
To read the full story
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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.