MNI BRIEF: Aussie Unemployment Rises To 4.1% In April

MNI: PBOC Conducts CNY2 Bln Via OMO Thurs; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1020 Thurs; -3.70% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS THURS

CHINA SETS YUAN CENTRAL PARITY AT 7.1020 THURS VS 7.1049

MNI BRIEF: Focus Support For Cutting-Edge Tech - Ministry

Australia Apr Unemployment Rate 4.1%

MNI:AUSTRALIA APR UNEMPLOYMENT RATE +4.1%

MNI JAPAN Q1 REAL GDP -0.5% Q/Q; MNI MEDIAN -0.4%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD Spikes As Powell Suggests March Cut Unlikely

FED
  • Powell says doesn't think Fed will have confidence to cut by the March meeting
  • "Based on the meeting today, I would tell you that I don't think it is likely that the Committee will reach a level of confidence by the time of the March meeting to identify March at as the time to do that, but that is to be seen. When you ask me about 'In the near term', I am hearing that as March. I would say, it is probably not the most likely case, or what we would call the base case."
  • On whether a cut will be the start of a cutting cycle or a one-off:
    • "That will depend on the data... there are risks that would cause us to go slower, for example, stronger inflation...there are risks that could happen that would cause us to go faster or sooner, and that would be a weakening in the labor market or very persuasive, lower inflation. So we will just be reacting to the data. That is the only way we can really do this."
  • The USD has risen substantially on the back of this comment with USDJPY rising around a big figure to trade back above 147.00 from a 146.01 low just prior.
Energy BulletsCommodities
Energy BulletsCommodities

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.