Free Trial

MNI Global Macro Outlook - Sep 2022: No Pivot, No Relief

MNI Global Macro Outlook - Sep 2022: No Pivot, No Relief

MNI Global Macro Outlook - Sep 2022: No Pivot, No Relief

Executive Summary:

  • The long-awaited Fed “pivot” has not come – if anything, the opposite
  • So real US rates are rising sharply. Other central banks have joined in “front-loading” tightening
  • Financial conditions have re-tightened after a brief summer pause, and are being transmitted globally via the stronger USD
  • USD gains don’t look over yet – multiple factors will continue to support the dollar and techs point to 8-10% DXY gains
  • These dynamics will mean further global financial tightening, exacerbating econ weakness

For full PDF publication:

September 2022 Global Macro Meeting.pdf



Source: Federal Reserve, MNI

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.