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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.
US
- At the end of the first quarter, most of the market participants were expecting the Fed to let inflation run hot for a few months and start a tightening cycle in 2023.
- However, the recent rise in uncertainty over inflation forecasts have increased the disagreements between economists over the trajectory of ST rates.
- We have seen that a rising number of leading indicator (ISM mfg. PMI, Job Openings, NFIB Higher Prices..) have been pricing in a persistent rise in inflation in the medium term.
- Some economists have even 'refused' to publish their 2023 inflation forecasts as they estimate that the uncertainty for the 2022 forecasts is already elevated.
- Hence, market's expectations have been gradually shifting towards a 2022 rate hike. Nearly 40% of the investors expect the Fed to raise rate in H2 2022 according to the latest BofA Global Fund Manager Survey.
Source: BoAML
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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