Free Trial

MNI 2022 Jackson Hole Preview - Premature To Pivot

MNI 2022 Jackson Hole Preview - Premature To Pivot

MNI 2022 Jackson Hole Preview - Premature To Pivot

EXECUTIVE SUMMARY:

  • Fed Chair Powell is unlikely to signal a major policy “pivot” in his 2022 Jackson Hole speech.
  • He could reiterate that slower hikes will likely be appropriate “at some point”, but is very unlikely to endorse market pricing for 2023 cuts, or to provide concrete guidance for future decisions.
  • Recent rate repricing raises risks that expectations have gotten too hawkish in the run-up to Jackson Hole.
  • MNI's Preview of Jackson Hole includes what we know so far is scheduled for the event, sell-side analysis, a run-down of recent Fed communications, and our policy team's interviews and podcasts with ex-Fed officials on what to watch for at the symposium.

FOR FULL PDF ANALYSIS:

FedJacksonHolePrev2022.pdf


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.