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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 dipped on the Fed’s Beige Book, but still see very strong increases on the day after a sizeable beat for retail sales built on prior upward pressure.
- March implied rates have now dipped 1bp from earlier brief highs of 5.20% (and currently imply a cumulative 14bp of cuts vs 19bp pre-Waller).
- Dec implied rates are also 1bp lower than highs of 3.95% seen just before the Beige Book (for 139bps of cuts in 2024, more than one 25bp cut less than was priced before Waller yesterday).
- The Beige Book noted little or no change in economic activity since, with nearly all districts citing one or more signs of a cooling labor market and some increased consumer sensitivity to prices.
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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