MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Powell Cites Evidence Showing Policy Is Restrictive

FED

Chair Powell, asked how restrictive policy is, repeats some of the same lines from the June meeting press conference, citing the impact of higher rates in the housing and labor markets as "empirical" evidence that policy is restrictive:

  • "POWELL: WE DO THINK POLICY IS RESTRICTIVE AS APPROPRIATE"
  • "POWELL: RESTRICTIVE POLICY WORKING HAND-IN-HAND WITH SUPPLY"
He once again deflects on the question of whether the Fed risks cutting too late or too early:
  • "POWELL: RISK ON INFLATION SIDE IS THAT YOU MOVE TOO QUICKLY"
  • "POWELL: OTHER RISK IS THAT YOU WAIT TOO LONG AND LABOR SOFTENS"
  • "POWELL: RISKS HAVE COME BACK MUCH CLOSER INTO BALANCE".
Headlines as per Bloomberg
Homepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletCreditEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timeCommoditiesEmerging Market NewsMetals bulletCreditEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.