Free Trial
PIPELINE

$500M JBIC 5Y SOFR Sole Issuance

COMMODITIES

Oil Surges From A Host Of Factors

USDJPY TECHS

Approaching The 145.90 Bull Trigger

STIR

Large Dec SOFR Call Spd

WHITE HOUSE

"US Will Rally Global Opposition To Russian Annexations"

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
FED

TD has upped its rate call for the June and July FOMC meetings, now seeing 75bp hikes at each.

  • The acceleration to 75bp hikes "shows the Fed is more determined to do what it takes to end the inflation overshoot as rapidly as possible even if that raises the chance of a hard landing in 2023."
  • After reaching "neutral" after the July hike, TD expects the pace to drop to 50bp for hikes in Sep and Nov, and 25bp for the next 2 meetings for a terminal rate of "at least" 3.75-4.00%.
  • They had previously seen a 3.25-3.50% terminal rate, with 50bp in rate cuts in 2024.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.