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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 for next week’s FOMC have held around 72.5bps overnight (unchg).
- Mild easing further out with 3.87% for Dec (-1bp), a terminal 3.99% for Mar’23 (-2bp) before 42bps of cuts to 3.57% in Dec’23 (-5bps) after Friday's push high from Waller in particular - chart.
- Fed now in media blackout with data focus tomorrow’s CPI for Aug – preview to follow later.
FOMC-dated Fed Funds futures implied Sept hike (white) and rates at specific meetings thereafter (bottom panel)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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