Free Trial

Shallow Correction


(H3) Support Stays Intact


Marginally Cheaper In Asia


Tech Headwinds Limit Gains


(H3) Watching Support


(H3) Has Pierced A Key Short-Term Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Powell Reiterates The FOMC Will Be Guided By The Data

  • Q: What goes into your thinking about hiking a very large amount, could that be 100 basis points? Is there weakness outside of inflation measures that would lead you to slow tightening?
  • A: I'll take that as a question about the next meeting and thereafter.
    • We're going to look at all of the activity, labor market, inflation data and looking at our policy stance and where it needs to be. At some point, it will be appropriate to slow down. And we haven't made a decision when that point is, but intuitively, that makes sense.
    • We've been front-end loading these large rate increases, now we're getting closer to where we need to be.
    • In terms of September, we're going to watch the data and evolving outlook very carefully and factor in everything and make a decision in September about what to do. I'm not really going to provide any specific guidance about what that might be.
    • I mentioned that we might do another unusually large rate increase, but that's not a decision we've made at all. We are going to be guided by the data.
    • I think you can still think of the destination as broadly in line with the June SEP.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.