MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Powell Does Not Categorically Rule Out May or June Cut

FED
  • Q: Can you speak about cut timing?
    • We make decisions meeting by meeting, we didn't make any decisions about future meetings today. These are going to depend on our ongoing assessment. Things happen during an inter-meeting period, I wouldn't want to dismiss anything. The FOMC wants to see more data that gives us higher confidence that inflation is moving down sustainably toward 2%. We don't see this in the data right now, but if there were a significant weakening in the data (particularly in the labor market), that could be a reason for us to begin the process of cutting rates again.
  • Note that while he doesn't sound to enthusiastic on the prospect, Powell doesn't categorically dismiss a potential cut in May or June, as he did with March cut back in the January press conference
Metals bulletCredit BulletsEM BulletFixed Income BulletsHomepageCreditCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign Exchange Bullets
Metals bulletCredit BulletsEM BulletFixed Income BulletsHomepageCreditCommoditiesEnergy BulletsBulletMarketsEmerging Market NewsForeign 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.