MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Richmond Fed’s Barkin Offers A More Hawkish Takeaway

FED
  • Reuters reports Barkin (’24 voter typically at the middling/leaning hawkish part of the FOMC spectrum) as saying consumer spending and economic strength make it possible the US economy could reaccelerate before inflation cools.
  • If inflation remains high and demand gives ‘no signal’ that it is likely to drop then it would require tighter monetary policy, and recent bond yield moves are not a sign of inappropriate market tightening but rather likely a response to strong economic data.
  • He doesn’t offer a view for the Sept FOMC decision, for which there is currently just +3bp priced.
  • It follows earlier remarks that if the US has a recession it would likely be a less severe one whilst seeing the Fed risking credibility if it were to consider changing its 2% inflation target.
Energy BulletsCommodities
Energy BulletsCommodities

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.