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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 FUTURES
- Fed Funds implied hikes keep 69-70bps for the Sept FOMC and hold onto yesterday’s steady gains with a cumulative 124bp to year-end and 131bp to an implied peak of 3.65% in Mar’23 before 54bps of cuts to Dec’23.
- MNI’s Exclusive Interview with Bullard (’22 voter) yesterday could add further fuel to a hawkish reaction in the event of another beat in today’s CPI – full preview here: https://marketnews.com/mni-us-cpi-preview-buckle-up
- The Fed will be prepared to hold interest rates "higher for longer" should inflation continue to surprise to the upside, and market pricing will need to adjust accordingly, with the destination a little bit higher than what he thought even a couple months ago. A podcast of the interview is available here https://marketnews.com/podcasts/ with the text highlights here: https://marketnews.com/mni-interview-bullard
- Further Fedspeak post US CPI with ’23 voters in Evans (1100ET) and Kashkari (1400ET).
FOMC-dated Fed Funds futures implied rate at specific meetingsSource: Bloomberg
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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