MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Wells Fargo: Omicron Deals Fed A Wild Card

FED

Wells Fargo expects the FOMC to accelerate the pace of tapering at the December meeting – to $22.5B from $15.0B monthly starting in January.

  • SEP/Dot Plot: “Would not surprise us” to see in the Dot Plot: 2 2022 hikes, 3 in each of 2023 and 2024, bringing end-2024 Funds target to 2.00-2.25%. “That is above current market pricing and could feel to some at the party that the punchbowl is being removed.”
  • Median core PCE projection for Q4 2022 plausibly in 2.4-2.7% range.
  • Future action: Taper to conclude in mid-April. But acceleration in December “not a sure bet”, esp if Omicron appears to be a bigger threat then currently envisaged (note: their preview was published Dec 7).
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.