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All signal, no noise
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The Board of the Central Bank of Chile left the monetary policy interest rate unchanged at 4.50%, as expected.
Apr-29 10:42MNI’s China Money Market Index results available for April.
Apr-29 06:00A Chinese auto industry expert shares his outlook on car sales.
Apr-29 04:08A senior Chinese commodity advisor shares his oil demand outlook.
Apr-29 03:42Australian economists share their outlook for the upcoming federal budget.
Apr-29 00:57
MNI FED WATCH: Growing Support For Move To Neutral Rate Bias

MNI FED WATCH: Growing Support For Move To Neutral Rate Bias

MNI: Powell Says To Stay On As Governor For 'Period Of Time'

MNI: Powell Says To Stay On As Governor For 'Period Of Time'
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Open CalendarLink to the pagemyMNIhttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarHSC on myMNILink to the pageMore CalendarsLink to the page
MNI FED WATCH: Growing Support For Move To Neutral Rate Bias

MNI FED WATCH: Growing Support For Move To Neutral Rate Bias

MNI: Powell Says To Stay On As Governor For 'Period Of Time'

MNI: Powell Says To Stay On As Governor For 'Period Of Time'
Key Events
Calendar
Open CalendarLink to the pagemyMNIhttps://my.mnimarkets.com/dashboard?widget=/events/key-events-calendarHSC on myMNILink to the pageMore CalendarsLink to the pageLatest insights
The Board of the Central Bank of Chile left the monetary policy interest rate unchanged at 4.50%, as expected.
Apr-29 10:42MNI’s China Money Market Index results available for April.
Apr-29 06:00A Chinese auto industry expert shares his outlook on car sales.
Apr-29 04:08A senior Chinese commodity advisor shares his oil demand outlook.
Apr-29 03:42Australian economists share their outlook for the upcoming federal budget.
Apr-29 00:57Newsletter
MNI ASIA OPEN: FOMC & BoC Hold Rates Steady
Apr-29 20:29MNI ASIA MARKETS ANALYSIS: Kevin Warsh FED Nomination Approved
Apr-29 20:25MNI US MARKETS ANALYSIS - 5y Yields Testing 4% Into Fed
Apr-29 11:01MNI US OPEN - Trump Signals Prolonged Iran Blockade
Apr-29 09:45MNI DAILY TECHNICAL ANALYSIS - Bearish Gilt Theme Builds
Apr-29 07:36MNI EUROPEAN MARKETS ANALYSIS: Fed In Focus Later
Apr-29 05:38MNI EUROPEAN OPEN: Aust CPI Not Strong Enough For A$ Bulls
Apr-29 05:24MNI ASIA OPEN: Central Bank Focus on FOMC, BOC, BOE, BanRep
Apr-28 19:51MNI Technical Analysis
Monitoring A Multi-Year Range In WTI

FI Market Analysis
Read moreFI Market AnalysisWe preview next week's MPC meeting where we see a 7-2 or 6-3 vote on hold and also review the recent data releases.
April 28, 2026 03:57The EFSF is likely to hold a syndication today, the Netherlands an auction and the EU its non-competitive round.
April 28, 2026 05:40The ECB is seen on hold on Thursday, but guidance will be key with 80% chance of a 25bp hike in June
April 27, 2026 05:16Download Full Report Here: https://media.marketnews.com/Fed_Prev_Apr2026_W_Analysts_853ed000ad.pdf This update of our April 24 Fed preview includes analyst expectations - starting page 34 April 2026 FOMC Analyst Views: Hawkish Guidance Risks All analysts (among 30 previews seen by MNI) expect the FOMC to hold the Fed funds rate at 3.50-3.75% at its April meeting, but opinions differ over possible communications shifts. General consensus is that the risks are that the post-meeting communications lean more hawkish vs expectations as opposed to more dovish, with most focus being on the Statement. * While the vast majority of analysts expect the FOMC to retain its implied easing bias in the Statement, many see risks that forward guidance ("In considering the extent and timing of additional adjustments to the target range") shifts hawkishly to a more balanced/two-sided phrasing. A couple (Barclays and Wells Fargo) have a change in guidance as their base case for this meeting. * Wells Fargo: "The Committee is likely to emphasize optionality in its statement. We expect it to note that higher energy costs are keeping inflation elevated and to soften forward guidance, replacing language around "the extent and timing of additional adjustments" with more openended phrasing that references "future adjustments" to the policy rate." Barclays: "by removing in the statement the word "additional" when referring to upcoming rate adjustments, the FOMC would signal that it no longer views the next policy rate change as necessarily continuing the recent cutting cycle. This would suggest that it has a more balanced view about its next rate move and would reinforce expectations of policy on hold for the rest of the year." * In a variation of these risks, UBS analysts - who see "close to even odds" that the guidance becomes two-sided at this meeting - notes a hawkish incremental shift could revolve around the risks (2nd) paragraph, eg the Iran war "has increased the risks inflation remains elevated." * Tweaks are seen possible to the opening paragraph describing economic conditions, with some eyeing economic activity now described as "moderate" vs the prior "solid", and/or job gains to "modest" vs the prior "low", though inflation is expected to still be described as "somewhat elevated". * Overwhelming consensus is that Gov Miran will dissent again in favor of a 25bp cut, but will not be joined by others. * Future action: There is consensus among analysts that the Fed has a bit further to go on cuts, though a few see the easing cycle as having already concluded. The median analyst sees 50bp of further cuts, with 25bp easings seen in September and December. Citi is the most dovish on the rate outlook, seeing 75bp of cuts delivered by year-end, though 4 other analysts see that amount of easing by 2027.
April 27, 2026 04:35FX Market Analysis
Read moreFX Market AnalysisThe ECB is seen on hold on Thursday, but guidance will be key with 80% chance of a 25bp hike in June
April 27, 2026 05:16Download Full Report Here: https://media.marketnews.com/Fed_Prev_Apr2026_W_Analysts_853ed000ad.pdf This update of our April 24 Fed preview includes analyst expectations - starting page 34 April 2026 FOMC Analyst Views: Hawkish Guidance Risks All analysts (among 30 previews seen by MNI) expect the FOMC to hold the Fed funds rate at 3.50-3.75% at its April meeting, but opinions differ over possible communications shifts. General consensus is that the risks are that the post-meeting communications lean more hawkish vs expectations as opposed to more dovish, with most focus being on the Statement. * While the vast majority of analysts expect the FOMC to retain its implied easing bias in the Statement, many see risks that forward guidance ("In considering the extent and timing of additional adjustments to the target range") shifts hawkishly to a more balanced/two-sided phrasing. A couple (Barclays and Wells Fargo) have a change in guidance as their base case for this meeting. * Wells Fargo: "The Committee is likely to emphasize optionality in its statement. We expect it to note that higher energy costs are keeping inflation elevated and to soften forward guidance, replacing language around "the extent and timing of additional adjustments" with more openended phrasing that references "future adjustments" to the policy rate." Barclays: "by removing in the statement the word "additional" when referring to upcoming rate adjustments, the FOMC would signal that it no longer views the next policy rate change as necessarily continuing the recent cutting cycle. This would suggest that it has a more balanced view about its next rate move and would reinforce expectations of policy on hold for the rest of the year." * In a variation of these risks, UBS analysts - who see "close to even odds" that the guidance becomes two-sided at this meeting - notes a hawkish incremental shift could revolve around the risks (2nd) paragraph, eg the Iran war "has increased the risks inflation remains elevated." * Tweaks are seen possible to the opening paragraph describing economic conditions, with some eyeing economic activity now described as "moderate" vs the prior "solid", and/or job gains to "modest" vs the prior "low", though inflation is expected to still be described as "somewhat elevated". * Overwhelming consensus is that Gov Miran will dissent again in favor of a 25bp cut, but will not be joined by others. * Future action: There is consensus among analysts that the Fed has a bit further to go on cuts, though a few see the easing cycle as having already concluded. The median analyst sees 50bp of further cuts, with 25bp easings seen in September and December. Citi is the most dovish on the rate outlook, seeing 75bp of cuts delivered by year-end, though 4 other analysts see that amount of easing by 2027.
April 27, 2026 04:35Forecasts we have seen point towards another pickup in headline inflation, to around 3% from March’s 2.55%.
April 27, 2026 04:13Forecasts we have seen point towards another pickup in headline inflation, to around 3% from March’s 2.55%.
April 27, 2026 04:05




