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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
- Fed Funds implied rates have pared some of their initial decline seen on the weaker details within ISM services (which included some caveats including the volatility seen in prices paid).
- March and May meetings are little changed, but the Dec’24 implied rate sits 3.5bps lower.
- Cumulative cuts from 5.33% effective: 0.5bp Mar, 6.5bp May, 22.5bp Jun, 37bp Jul and 90bp Dec.
- The 4.43% implied effective rate seen for the Dec FOMC is down 11.5bps since last week’s monthly PCE and jobless claims data but still 24bp higher than before last month’s CPI 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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