MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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MNI: 'A Few' FOMC Members Sought 50BP Hike - Minutes

EMERGING MARKETS
  • (MNI)Almost all Federal Reserve officials agreed it was time to step down the pace of rate hikes to a quarter point at their Jan 31-Feb.1 meeting but "a few" wanted to hike by 50 basis points to get sufficiently restrictive more quickly, minutes from the gathering published Wednesday showed.
  • There was no discussion of a pause in rate hikes despite hopes in financial markets that such deliberations had been in an integral part of the Fed's most recent meeting.
  • "Almost all participants agreed that it was appropriate to raise the target range for the federal funds rate 25 basis points at this meeting,” the report said. “A few participants stated that they favored raising the target range for the federal funds rate 50 basis points at this meeting or that they could have supported raising the target by that amount.”
  • Those who favored a 50bp hike "noted that a larger increase would more quickly bring the target range close to the levels they believed would achieve a sufficiently restrictive stance.”
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