MNI BRIEF: Trade War To Increase Volatility Inflation -Panetta

MNI China Daily Summary: Friday, November 15

MNI BRIEF:China Optimistic On Property Despite Investment Fall

CORRECTED-MNI INTERVIEW: NBH To Hold Rates

MNI BRIEF: China Oct Retail Sales Surge On Holiday, Trade-ins

CHINA OCT INDUSTRIAL OUTPUT +5.3% Y/Y VS MEDIAN +5.5% Y/Y: NBS

EZ/UK Bond Supply Calendar: EU Synd; SK, BE Auction on Monday

MNI: US SEP BUSINESS INVENTORIES +0.1%; SALES +0.3%

MNI: US OCT INDUSTRIAL PROD -0.3%; CAP UTIL 77.1%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US OUTLOOK/OPINION: Dudley Thinks The Fed Should And Will Cut 50bps This Week

US OUTLOOK/OPINION
USEM BulletCentral Bank NewsFederal ReserveHomepagemarkets-real-timeGlobalEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsRegionNorth America
  • Former NY Fed's Dudley has used his latest column to clarify headlines from last week re him seeing a "strong case" for a 50bp cut:
  • "What should it do, and what will it do? The answers to these two questions don’t necessarily have to be the same. But this time around, I think they will be." [...] I expect the Fed will do 50. I believe Chair Powell favors an aggressive approach"
  • Dudley has favored the Fed getting markets used to the prospect of 50bp cuts – he said as such in early August as he wanted Powell to do so at last month’s Jackson Hole address.
  • However, there had been some confusion over whether he though the Fed should cut by 50bp but though it might only cut by 25bps. His comments last week to our policy team, prior to the release of WSJ and FT articles on Thursday, had implied as such but perhaps these articles have given him greater conviction.
161 words

To read the full story

Close

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.
  • Former NY Fed's Dudley has used his latest column to clarify headlines from last week re him seeing a "strong case" for a 50bp cut:
  • "What should it do, and what will it do? The answers to these two questions don’t necessarily have to be the same. But this time around, I think they will be." [...] I expect the Fed will do 50. I believe Chair Powell favors an aggressive approach"
  • Dudley has favored the Fed getting markets used to the prospect of 50bp cuts – he said as such in early August as he wanted Powell to do so at last month’s Jackson Hole address.
  • However, there had been some confusion over whether he though the Fed should cut by 50bp but though it might only cut by 25bps. His comments last week to our policy team, prior to the release of WSJ and FT articles on Thursday, had implied as such but perhaps these articles have given him greater conviction.