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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 AccessWilliams: Don't Know If Need To Raise Rates Above Neutral
- Fedspeak coming thick and fast with follow-up comments from Williams (voter) adding to Barkin (’24 voter) just now.
- Of note, Williams agrees with Powell that 50bp hikes should be on the table with balance sheet cuts giving space for 50bp hike at “next meetings”.
- But in a more dovish tilt, he adds that he doesn’t know if the FOMC has to raise rates above neutral and that inflation expectations are consistent with the 2% inflation target today.
- The latter helps limit the rise in hike expectations, with Fed Funds pricing for the Sep meeting (where the implied rate moves above the 2% lower end of the neutral rate range) 3bps off an earlier low with 135bp of cumulative hikes.
- Nearer-term meetings sit higher at 53bps for June and 99bps for July.
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.