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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 Global Macro Outlook-Oct 2022: Laying The Pivot Groundwork
MNI Global Macro Outlook-Oct 2022: Laying The Pivot Groundwork
Executive Summary:
MNI's October Global Macro Outlook meeting looked at the potential for a dovish central bank "pivot" in the face of growth headwinds and financial market volatility.
- Central bank (largely, Fed) "pivot" speculation is overblown, but the debate has (rightfully) been advanced by multiple factors
- It will take at least a few more months before the Fed sends any signal of pulling back
- That means the early October market move was probably just a relief rally
- But the groundwork for a pivot is being laid, with the Fed terminal rate in sight, and macro conditions starting to align
- Since an inflation slowdown looks elusive, it will probably take a crisis to spur a true "pivot". We look at some possibilities
For full PDF publication:
Source: Bloomberg Govt Securities Liquidity Index, 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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