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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
[correction: changed label in table to pre-McCarthy/Waller rather than pre-debt talk impasse - values unaffected]
- Gov Waller (voter) sticking to a traditionally hawkish tone but a similar stance to Kashkari on hiking or skipping at the June FOMC has for now kept the lid on reaction in June FOMC pricing, with OIS increasing just +1bp to an implied +10bp hike and then reversed again).
- There are much larger increases further out though, with cuts by Nov nearly unwound (just -3bps from current 5.08% after a +7bp increase on Waller) and just -23bp of cuts from current to 4.85% for Dec’23 (+7bp increase on Waller).
- Don’t halt hikes until it’s clear inflation is tamed – bbg
- Concerned by lack of progress on core inflation – bbg
- Whether Fed hikes or skips in June to hinge on data over next three weeks
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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