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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 have increased back to recent highs barring the snap reaction to the CPI beat, amidst broad risk-on helped by rescinding Chinese covid concerns and along with a firming of ECB hike pricing more lately.
- Currently pricing 54bp for June, 104bp for July, 143bp for Sep and 193bp to year-end.
- Powell’s WSJ interview at 1400ET (no text) headlines a heavy schedule of six speakers, three of whom vote this year.
- It follows last week’s Marketplace interview on consideration of larger than 50bp hikes: “I would just say, we have a series of expectations about the economy. If things come in better than we expect, then we’re prepared to do less [compared to 50bp hikes at next two meetings deemed appropriate]. If they come in worse than when we expect, then we’re prepared to do more.”
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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