MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

US EIA:NAT GAS STORAGE +50 BCF TO 2,333 BCF APR 12 WK

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

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

FED

We have just published our review of the February FOMC meeting, which has been emailed to clients (Full PDF analysis here).

  • 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.
Energy BulletsCommodities
Energy BulletsCommodities

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.