Free Trial

2023 Fed Rates Seen At Post-CPI Levels

STIR FUTURES
  • Fed Funds implied hikes have drifted lower for 2023 overnight but remain close to post-CPI levels.
  • 77.5bps for Nov (unch), 138bp to 4.46% for Dec (unch), terminal 4.92% in May’23 (-2.5bp) and 4.58% Dec’23 (-3.5bp).
  • Being in the media blackout, Gov Waller will stick to non-mon pol matters discussing the FedNow service at 1355ET.

FOMC-dated Fed Funds futures implied ratesSource: Bloomberg

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.