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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.
FED
The very slightest of upgrades in the assessment of economic growth to "moderate" from "modest" is the only change in a July FOMC Statement that is basically copied-and-pasted from June's. See image below.
- It's a little odd they would adjust that at all though perhaps they wanted to offer the faintest of acknowledgements that economic activity has surprised to the upside without wanting to give anything away on their current take on the labor market or inflation (language for which was totally unchanged).
- Forward guidance also unchanged as expected - for the first time in 4 meetings.
- In other words, a nothing Statement, in line with MNI's expectations - it's really about the press conference which starts in just over 20 minutes.
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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