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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.
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Free AccessMuted Reaction To Brainard Speech, Q&A Starting
- VC Brainard notes that the Fed must raise interest rates and keep them there "for as long as it takes" and that “it will be necessary to see several months of low monthly inflation readings to be confident that inflation is moving back down to 2%”.
- However inclusion that “at some point in the tightening cycle, the risks will become more two-sided” seems to have helped limit market reaction, with limited change on the release of the text for 2Y Tsys (still -3.7bps on the day) and equally in front rates (EDZ2 +0.01 for -0.015 on the day, EDZ3 quickly retracing move lower to stay +0.06 on the day).
- Full text: https://www.federalreserve.gov/newsevents/speech/brainard20220907a.htm
To read the full story
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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.