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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
- The Fed Funds rate implied by FOMC-dated futures has ground higher for nearer-term meetings, in a slight probe of Powell’s 50bp on the table over the next couple meetings (56bp Jun, 104bp Jul before 146bp for Sep).
- 200bp of hikes over the five meetings to year-end, leaving an implied rate of 2.84%, back at levels from Tuesday but still 14bp below the Wed high.
- Payrolls preview: https://marketnews.com/markets/pdfs/mni-us-payrolls-preview-labor-supply-seen-limiting-jobs-gains
- Post-FOMC Fedspeak kicked off by NY Fed’s Williams (voter) at 0915ET followed by Kashkari (’23), Bostic (’24) before late appearances from Bullard (’22), Waller (voter) and Daly (’24).
Fed Funds rates implied by FOMC-dated futuresSource: 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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