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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.
FED
- Sarah Bloom Raskin jumped to firm favourite in betting markets for the Fed’s Vice Chair of Supervision role after yesterday’s WSJ story that Biden is eyeing her.
- A decision could be announced in early Jan (a further delay from “before the holidays”) although the pick could still change.
- Raskin has leapt from 18c to 74c on PredictIt, with Cordray in distance second (11c) and Bostic third (6c).
- Raskin and Cordray are seen as bearish for bank stocks relative to the looser legislation under Quarles.
- Raskin was involved in behind-the-scenes work writing rules implementing the 2010 Dodd-Frank overhaul while serving as a Fed governor from 2010-14.
- She would also likely bring a greater focus on climate-related financial risks whilst wouldn’t be expected to have a material impact on rates (evidenced by very little reaction in white and red Eurodollars on the headlines).
Who will the Senate next confirm as Federal Reserve vice chair of Supervision?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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