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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
[corrected typo in title]
- Fed Funds implied rates have on balance only nudged higher after some fluctuations on US data, which included weaker overall retail sales but a notably stronger control group before being followed by weaker than expected IP.
- Cumulative hikes from 5.08% effective: 23.5bp (unch since before retail sales), 27bp Sep (+1bp), +31bp to terminal 5.39% Nov (+0.5bp).
- Cuts have been trimmed slightly, with 80bps from terminal to Jun’24 from 81bp prior but still from 76bp yesterday, and 157bp from terminal to Dec’24 from 159bp prior and 148bp yesterday. See table.
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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