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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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Free AccessUnusually Dovish Waller Takes Edge Of Terminal Pricing
Speaking on CNBC, Fed Governor Waller (voter) offers dovish comments considering his typically hawkish position on the FOMC and in doing so unwinds an earlier lift in FOMC-dated OIS terminal pricing, with Nov dipping almost 1bp to 5.43%. It’s back close to levels seen having digested Friday's payrolls report.
Bloomberg headlines:
- *FED'S WALLER: DATA LAST WEEK ALLOWS FED TO PROCEED CAREFULLY, DOESN'T SAY WE NEED TO DO ANYTHING IMMINENT - bbg
- *FED'S WALLER: DATA IS LOOKING `PRETTY GOOD' FOR NO RECESSION, WHETHER MORE RATE HIKES NEEDED DEPENDS ON DATA - bbg
However,
- *FED'S WALLER: WANT TO BE CAREFUL ON SAYING INFLATION JOB DONE - bbg
- *FED'S WALLER: DON'T THINK ONE MORE HIKE WOULD TRIGGER RECESSION, NOT OBVIOUS ONE MORE RATE HIKE WOULD DAMAGE JOB MKT - bbg
To read the full story
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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.