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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.
MNI Fed Preview - December 2022: Forecasting The End
MNI Fed Preview - December 2022: Forecasting The End
EXECUTIVE SUMMARY:
- The FOMC will step down the pace of rate hikes to 50bp at the December meeting.
- But it will likely signal via the Dot Plot that it intends to tighten by a further 75bp to a terminal rate above 5% in 2023.
- Chair Powell’s Nov 30 speech has recession-minded market participants eyeing substantial rate cuts in 2023-24.
- This offers scope for Powell to push back against easier financial conditions at the post-meeting press conference.
Note to readers: MNI’s separate preview of sell-side analyst summaries to follow on Monday Dec 12.
FOR THE FULL PUBLICATION PLEASE USE THE FOLLOWING LINK:
MNI Expected Dec SEP "Dot Plot"
Source: MNI
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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