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Policy
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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessPowell Asked Why The FOMC Did Not Hike 100BP At This Meeting
Q: Core PCE not forecast to be back to target in 2025, yet cuts as early as 2024? Why not 100bp at this meeting?
- A: Core is 2.1 in 2025 and headline is 2.0, that's pretty close. I would say that if the economy follows this path, it would be a pretty good outcome. But it is a tenth higher than 2%.
- As we said, we would make our decision based on the overall data coming in. If you remember, we got a surprisingly low reading in July and a surprisingly high reading for August. You never want to overreact to any one data point.
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.