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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
Based on MNI's review of 25 sell-side previews of the December FOMC meeting, it is clear consensus (and indeed all but unanimous) that the Fed will introduce new "qualitative, objective-based" guidance for its asset purchase program.
- But opinion is split on whether the Fed will deliver a change in the asset purchase program itself in Dec.
- While the options are broadly agreed (extending weighted average maturity of purchases 'WAM'; increase the size of purchases; or both), analysts who expect action are unanimous in expecting an increase in WAM rather than an increase in size. 9 of the 25 expect a WAM increase, 8 of them in December.
- The major outlier is CIBC, who see the Fed increasing WAM but slowing the pace (and not in December).
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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