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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 - July 2024
MNI Fed Review - July 2024
EXECUTIVE SUMMARY:
- The immediate reaction to the FOMC’s July decision was slightly hawkish, with the Committee defying some expectations of revised forward guidance in the Statement that would strongly imply a September rate cut.
- But the language and tone of Chair Powell’s press conference provided sufficient dovish assurances that the bar to cuts in the near future is low, and he explicitly noted that easing "could be on the table as soon as September".
- The market impact by the conclusion of the meeting was a slight increase in implied rate cut expectations, with a September reduction seen as an even surer bet, and nearly 3 full cuts priced by year-end.
FOR FULL ANALYSIS INCLUDING PRESS CONFERENCE TRANSCRIPT:
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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