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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 - Sept 2022: Slightly Restrictive And Very Real
MNI Fed Review - Sept 2022: Slightly Restrictive And Very Real
EXECUTIVE SUMMARY:
- The FOMC continued to ratchet up its inflation-fighting message at the September meeting, adding more specific rate-setting contours to Chair Powell’s Jackson Hole speech via a hawkish Dot Plot.
- Markets repriced accordingly, and several sell-side analysts raised their Fed hiking outlooks following the meeting. Another 75bp hike in November, with 50bp in December is now the baseline outlook, with a peak 2023 rate above 4.5%.
- Powell's comments on what constituted "restrictive policy" both underlined that the Fed had a "ways to go" on rates versus the current "very lowest level of what might be restrictive", and suggested that the real rates outlook will be increasingly key in assessing how “restrictive” the Fed sees policy.
FOR FULL PDF ANALYSIS PLEASE USE THE FOLLOWING LINK:
Source: Federal Reserve, MNI
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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