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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 AccessNEC's Brainard-Reason To Believe Inflation Near 2% Pre-Election
Speaking to reporters in Washington, D.C., National Economic Council (NEC) Director Lael Brainard states that she sees housing inflation coming down "considerably" in H223 while broader inflation will "continually" improve over the same period. Says that she believes there is "reason to believe [inflation] can get near 2% pre-election [Nov. 2024]."
- Wires report that Brainard downplays the risk of recession in the US, pointing to resilience in the economy.
- Says that President Joe Biden wants a debt-limit fix that sees 'hostage taking' off the table.
- Brainard's comments on a 'continually' improving inflation picture in H223 comes amid the continued feed-through impact of significant gov't spending projects, such as the Inflation Reduction Act and the COVID-related CARES Act, on the jobs market and household spending. MNI has just posted our latest FedSpeak podcast, in which we talk to former Dallas Fed President Robert Kaplan on the impact of robust US fiscal policy on the trajectory of rates.
To read the full story
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Please enter your details below.
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.