Free Trial

### Curious a couple minutes AFTER the.........>

FOMC
FOMC: ### Curious a couple minutes AFTER the FOMC's surprise cut today -- What
about March 17-18? Will the Fed make another cut, or take a pass. Most dealer
previews I've read so far today is take a pass.
- Not waiting for more virus news (or Fri's jobs data for a hint) Soc Gen
economists just out w/expectation of another 25bp cut at the March meet.
- Not that intermeeting cuts happen very often (today's was first since late
2008) one desk notes the Fed has never made an intermeeting cut WITHOUT
following up with another cut" at the next scheduled meeting.
- Given today's surge in short end (EDH0 now +.215 at 98.985) markets certainly
pricing in just that.
- Floor chatter late last week alerted readers to increased chances of today's
move, bolstered by near record option volumes targeting as multiple cuts by year
end.

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.