Free Trial
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
- The U.S. economy has reached an "inflection point", per Fed Chair Powell's comments earlier this month – but a policy shift from the FOMC will still have to wait until later in the year.
- For now, markets appear to be aligning with the Fed's patient approach.
- Focus at the April FOMC will be on any changes to the statement to reflect strong incoming economic activity data, and the degree to which (if any) Powell indicates that the upcoming meetings are 'live' with regards to discussions on tapering asset purchases.
- Opinion is split on whether the Fed will deliver a technical change to its administered rates at this meeting, but it's doubtful that short-end rates have fallen low enough to force the central bank's hand.
- FOR THE FULL PUBLICATION PLEASE CLICK HERE FOR LINK - note: has been updated since the Apr 26 publication to reflect Deutsche Bank's Fed funds rate call change post-March FOMC – see p.4 of PDF and table below
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok