MNI: GERMANY NOV UE RATE (SA) 6.1% (FCST 6.1%); OCT 6.1%

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI: ITALY NOV FLASH HICP +0% M/M, +1.6% Y/Y

MNI: EUROZONE NOV FLASH HICP +2.3% Y/Y

MNI: UK OCT M4 MONEY SUPPLY -0.1% M/M, +3% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: Fed Holds Rates Steady But Points To Likely Future Hikes

FED
  • (MNI) WASHINGTON - The Federal Reserve kept interest rates on hold Wednesday for the first time since March of last year as it tries to gauge the full effect of its aggressive hiking campaign on the economy and credit conditions, but officials suggested more rises to come as they boosted their forecasts for where borrowing costs will peak.
  • FOMC members raised their projections for where the federal funds rate will end the cycle to a median 5.6% from 5.1% at the March meeting, implying at least two more quarter-point hikes may be forthcoming this year.
  • "Holding the target range steady at this meeting allows the committee to assess additional information and its implications for monetary policy," the FOMC said after leaving official rates in a target range of 5%-5.25%, the highest level in 15 years.
  • Sharp move higher for the greenback on the hawkish dot plot, erasing a solid portion of the day’s declines. USDJPY prints 139.99, still well shy of the 140.31 highs from Tuesday.
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

To read the full story

Close

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.