MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

MNI BRIEF: China To Cut Rates, Boost Borrowing-Work Conference

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

MNI: US NOV FINAL DEMAND PPI +0.4%, EX FOOD, ENERGY +0.2%

MNI: CANADIAN OCT BUILDING PERMITS -3.1% MOM

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

MNI Fed Review - Feb 2023: Only As Hawkish As The Data Allow

MNI Fed Review - Feb 2023: Only As Hawkish As The Data Allow

MNI Fed Review - Feb 2023: Only As Hawkish As The Data Allow

EXECUTIVE SUMMARY:

  • Market rate hike expectations dropped and rate cut expectations rose as the FOMC delivered a half-hearted hawkish message at the February meeting.
  • While the Statement leaned hawkish, and the message overall was that another “couple” of 25bp hikes were the central expectation, Chair Powell cracked open the door to potential rate cuts in H2 2023.
  • In a “mixed message” press conference, Powell repeated that the Fed would “stay the course until the job is done”, but also sounded optimistic on the inflation front and did not push back as forcefully against easier financial conditions as he did previously.
  • While Powell did not give a green light to potential rate cuts, nor did he provide an outright denial of that possibility, in contrast to previous meetings – and he implied that the Fed could ease if inflation pulls back more than they expect.

FOR FULL PDF ANALYSIS PLEASE USE THE FOLLOWING LINK:

FedReviewFeb2023.pdf

Central Bank ReviewFOMC Calendar Market NewsHomepageFed - ReviewCentral Bank ReportsMarkets
Central Bank ReviewFOMC Calendar Market NewsHomepageFed - ReviewCentral Bank ReportsMarkets

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.