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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 edged to 72bp for Nov and a cumulative 124bp to an implied effective 4.32% for Dec’22 (+1bp), consistent with the median dot of 4.4%. Followed by a terminal 4.61% in Mar’23 (+2.5bp) and then 4.34% in Dec’23 (+1bp).
- Gov. Waller and Mester continued to indicate full steam ahead for the hiking cycle, with Waller if anything more hawkish than in the past (Bloomberg headlines below).
- NY Fed Williams, Kashkari (’23) and Bostic (’24) ahead, all of whom have this spoken this week. No prepared text, potential reaction to NFP but with an eye on CPI next week.
FOMC-dated Fed Funds implied ratesSource: 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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