Free Trial

Bostic Sees 25bp or 50bp On Table For Sep

STIR FUTURES
  • FOMC-dated Fed Funds hikes have firmed through most of the US session, sitting with 53bp for Jun and 103bp for Jul.
  • The Sep meeting comes increasingly into focus, with a cumulative 141bps priced (+2bp from the morning).
  • Bostic (’24 voter) currently sees 25 or 50bps on the table in Sep if inflation too high, after repeating previous remarks that he’d be comfortable with 50bp hikes at next couple meetings.
  • It may make sense to pause in Sep depending on the economy, but equally he would be open to moving more aggressively if inflation is higher.

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.