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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
- One day out from the FOMC decision, the Fed Funds implied rate path is near unchanged overnight after yesterday’s trimming of 2024 rate cuts. Yesterday’s drivers help set the tone with the US service PMI showing resilient prices whilst its weaker than expected activity was offset by China stimulus hopes.
- Cumulative hikes from 5.08% effective: 24.5bp for tomorrow (unch), +28.5bp Sep (unch), +34.5bp Nov (-0.5bp).
- Cuts from Nov terminal: 3bp to Dec’23, 56bp to Jun’24 and 127bp to Dec’24.
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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