Free Trial
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
- Fed Funds implied rates are modestly higher from Friday’s close for the next few upcoming meetings but then also slightly lower for later into 2024.
- There is now 7.5bp of tightening eyed over the next two meetings before 80bp of cuts to end-2024 (the move unwinding about half of Friday’s trimming of cut expectations) whilst the first cut from current levels is seen back in July rather than June from earlier last week.
- After last week’s heavy Fedspeak, it’s a much quieter day today with only Gov. Cook (voter) on the slate, giving introductory remarks at 0850ET at the Fed’s conference on nontraditional data which likely limits direct mon pol relevance.
- Her latest comments have focused on financial stability on Nov 6 & 8 (rising geopol tensions pose market risks, monitoring vulnerabilities at nonbanks) and she has generally given very little monetary policy-focused remarks since June.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok