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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.
STIR
- With Powell’s press conference over, Fed Funds implied rates have more than reversed the modest hawkish uplift on the decision statement.
- September rates have slipped 2.5bp since the presser for -0.5bp since before the decision, whilst Dec rates have slipped almost 5bp post-Powell for nearly -3bp since the decision.
- Cumulative cuts from 5.33% effective: 29bp Sep, 46bp Nov, 71bp Dec and 89bp Jan.
- The Dec’24 rate at 4.62% is getting close to the recent lows of ~4.60% seen last Thursday on global growth concerns prior to stronger than expected US GDP data.
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.
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