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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 Review - Dec 2022: Still More Work To Do
MNI Fed Review - Dec 2022: Still More Work To Do
EXECUTIVE SUMMARY:
- The rise in the 2023 Dot Plot median rate estimate and Chair Powell’s pushback against the recent easing of financial conditions made for a hawkish December FOMC meeting outcome.
- Markets interpreted Powell’s comments mostly dovishly, especially on a possible 25bp hike in February.
- But the economic outlook remains uncertain, and even after a significant and unexpected upgrade to core PCE forecasts, FOMC members still see risks to inflation to the upside.
- Expect FOMC participants to underscore the decision’s hawkishly-intended message in the coming weeks.
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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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