MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

BOC'S MENDES SEES US TARIFF INFLATION RISKS AS TWO-SIDED

MNI: BOC Sees More Rate Cuts If Economy Evolves As Expected

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: US Q3 FHFA HPI Q/Q SA +0.7% V +4.3% Q3 2023

MNI:US SEP FHFA HPI SA +0.7% V +0.4% AUG; +4.4% Y/Y

MNI: US REDBOOK: NOV STORE SALES +4.9% V YR AGO MO

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

Powell Asked Whether the Statement Puts More Weight On Lag Effects Than Before

FED
  • That previous Q in full - Q: Should we interpret the statement that more weight is being put into lag effects than they would have been after previous hikes?
  • A: As we become more restrictive, we think the lags are just sort of a basic part of monetary policy. Let me say this, it is very premature to be thinking about pausing. When people hear lags, they think about a pause. It's very premature in my view to be thinking about or talking about pausing our rate hikes. We have a ways to go. We need ongoing rate hikes to get to that level of restrictive. We don't know where that is exactly. We have a sense. We'll write down in the December meeting a new SEP which updates that. I would expect us to continue to update it based on what we're seeing with incoming 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.