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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 Access### POV: CLARITY FROM CLARIDA? - Fed Vice.......>
FED: ### POV: CLARITY FROM CLARIDA? - Fed Vice Chair Richard Clarida being
interviewed today (Friday) on BBG at 0630ET/1130UK time - first Fedspeak since
Powell's presser on Wednesday and a late addition to the calendar.
- What will Clarida discuss? Is there a chance he rows back on mkt FOMC reac?
- It seems unlikely Clarida will temper mkt conviction on easing. Seems more
likely he will offer more colour on the inflation expectations and int'l econ
weakness (Powell`s `crosscurrents`) to offer more colour to FOMC's thinking.
- Re the latter, a quote from his FT column in 2016(before his FOMC days)making
the rounds: `In a world of global capital flows there will be a limit to how far
US rates can diverge from global interest rates without triggering volatility in
markets and a much stronger dollar that reduces exports`.
- Has said what happens in Beijing almost as important as in D.C. for US yields.
- Notable, as Powell waffled a little on the ECB easing Q at the presser.
- On inflation, he is overseeing the Fed`s framework review and has suggested
`makeup` strategies on inflation. Could discuss in more detail Powell`s concerns
about `a more sustained shortfall of inflation`.
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.