Free Trial

$-Bloc Terminal Rate Expectations Are Slightly Lower After Jackson Hole

STIR

Fed Chair Powell’s speech at the Jackson Hole Symposium on Friday didn’t alter market perceptions that the Fed will likely pause in September and assess the incoming data to guide future policy decisions.

  • There is a cumulative 11bp of tightening priced for the next 2 meetings versus 14bp on Thursday.


Figure 1: $-Bloc STIR: Terminal Rate Expectations & June’24 Pricing



Source: MNI – Market News / 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.