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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 hike expectations have held their ground overnight, with FOMC-dated Fed Funds futures showing 44bps for May, new highs of 86bps for June, 152bps for Sep (four meetings) and 195bps for Dec (six meetings).
- June shows a 67% chance of 100bps over the two meetings, something that analysts have begun to call for, with MS and TD yesterday joining BNP, GS and Nomura in looking for back-to-back 50bp hikes.
- Ahead: Williams should offer his first post-FOMC thoughts on monetary policy at 1000ET whilst we have renewed speaking from Daly (2024), Barkin (2024) and Waller (Governor).
- Recap: Evans (2023) was one of five dots calling for 175bps of hikes in 2022, comfortable with 25bps each meeting but open minded to a 50bp hike if it helps. Waller talked on the US’s “red hot” housing market whilst adding that the Fed could consider selling MBS in the longer run.
Source: 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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