Free Trial

Statement: Updated For "Strong" Growth And Tighter Financial Conditions


The image below shows the changes from September's statement.

  • A virtually unchanged statement where it counts - the forward guidance was as expected left untouched.
  • But unsurprisingly it includes an upgrade to the incoming growth data ("strong pace in the third quarter" vs "has been expanding at a solid pace"), while job gains have "moderated since earlier in the year" but still "remain strong".
  • No change to the characterization of inflation as remaining "elevated", as was fully expected.
  • Tighter financial conditions added to the "tighter credit conditions" in paragraph 2 as well, in a very modest dovish tweak (and a prelude to what is likely to be a major theme in the Powell press conference).

To read the full story



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.