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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.
FED
Jay Powell's probability of reconfirmation as Fed Chair fell to as low as 43% on PredictIt in the last couple of hours - triggered by The American Prospect publishing a piece titled "Jerome Powell Sold More Than a Million Dollars of Stock as the Market Was Tanking".
- His implied prob fell from 76% previously, though it last traded 61%. Brainard's went as high as 34%, last 23%.
- Though we wouldn't read too much into those probabilities (liquidity on PredictIt is pretty limited, Powell Bid/Ask is 39/68 for example), this is worth keeping an eye on especially as Brainard is seen as a dovish alternative.
"Intraday Implied %Prob: "Whom will the Senate next confirm as Chair of the Federal Reserve?"Source: PredictIt
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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