Updated FOMC Hawk-Dove Spectrum: Clustered Near Neutral (2/2)

As we appear to be at or near the top of the Fed rate hike cycle, our Hawk-Dove Spectrum has been recalibrated lower, with FOMC participants clustered around the neutral mark as nobody seems to view either significant tightening or easing as warranted. See below:

_{Our matrix uses the following methodology based on the MNI Markets Team`s subjective analysis. Hawkish/Dovish scores indicate MNI`s subjective assessment of each member`s stance on monetary policy. -10 implies member believes aggressive easing warranted; +10 is most hawkish, implies member believes aggressive tightening warranted. Scores around -2 to +2 considered relatively neutral. On Influence, the x-axis runs from 0 ('least influential') to 10 ('most influential'). Voters in the current year receive a minimum score of 6; the Chair receives a 10 and Board of Governors members receive at least 7. Those who are not voters in the current year are limited to a score of 4; among them, those due to vote next year receive higher influence scores (rising towards end of current year), and vice-versa.}