MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 THURS VS 7.1248

LFS Unemployment Trend Rate Steady, But Falls In SA Terms

ANZ Business Sentiment Mixed, Price Measures Trending In The Right Direction

Job Vacancies Continue To Correct Lower, Inflation Expectations Tick Up

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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

Powell Says SEP Is "Not A Plan" - Fed Can Adjust To Developments

FED

Q: Would you delay rate hikes next year if Omicron spreads more widely? How would you explain hikes if inflation and growth are slowing?

  • A: SEP is "not a plan". "No one will say, oh, we can't change our policy because we wrote something down in December. No one's ever said that or will. The actual rate decisions we make will depend on our evolving assessment of the forecast."
  • So if the economy slowed significantly, you would expect that to have an effect of slowing down rate increases, but we'd have to look at our two goals and not what we wrote in a prior SEP.
Energy BulletsCommoditiesFOMC Calendar Market News
Energy BulletsCommoditiesFOMC Calendar Market News

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.