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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
- The miss for CPI inflation has seen Fed Funds implied rates slump, with any further hikes once again near fully priced out (just 1bp of cumulative hikes out to January vs 8bp pre-data) and with cut expectations surging.
- Comparing with current levels, it sees a cumulative 20bp of cuts priced with the May meeting (from 5bp pre-CPI) which builds to 53bp of cuts with July (from 32bp) and 99bp of cuts by year-end (from 74bp).
- The 4.34% implied effective rate for Dec’24 is now very nearly three full 25bp cuts below the 5-5.25% median dot from the September SEP.
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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