MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Post-CPI Analyst Takes: Morgan Stanley Sees Dec FOMC As "Live" (2/2)

FED
  • JPMorgan writes that “overall it appears that the broad inflation trends are continuing to moderate, but they likely need to keep cooling over time for the Fed to feel more comfortable that inflation will get to and remain close to target. While we continue to see the Fed on hold, we think this latest CPI report reinforces the idea that the FOMC will continue to communicate a tightening bias.”
  • Morgan Stanley sees the December meeting remaining live: “Along with the strong September payroll print, meets the bar we previously set for an additional hike in November - with the important exception of easing financial conditions, which remain more than one 25bp hike tighter since the September FOMC meeting. The Fed voices that have argued for no further hike this year will maintain that view as long as financial conditions remain tighter. But the recent set of data make the next round even more important in the December hike determination for policymakers. December remains a live meeting.”
  • TD thinks September's CPI “should not make a meaningful difference for the Fed ahead of the November FOMC meeting. Fed officials are viewing the recent run up in yields as doing part of the tightening job that a majority of the Committee intended with an additional rate increase, at least in the near term. We expect the Fed to remain patient as they continue to evaluate the totality of the data.”

Energy BulletsCommodities
Energy BulletsCommodities

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.