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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-Jun 2021: Dots Throw Doubt On Reaction Function
EXECUTIVE SUMMARY:
- The combination of greater FOMC confidence in the economic outlook and increasing concern about upside inflation risks led to a more-hawkish-than-expected June meeting outcome.
- Many analysts questioned if the new tightening outlook meant that FOMC's reaction function had changed.
- Markets priced in earlier Fed liftoff, with real rates higher and breakeven inflation lower. Several sell-side analysts pulled forward their expectations for tapering and/or rate hikes.
FOR FULL PDF ANALYSIS PLEASE USE THE FOLLOWING LINK:
Source: Federal Reserve June FOMC Summary of Economic Projections
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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