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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
- Fed Funds implied rates are marginally lower overnight, chipping away at Friday’s push higher but still close to post-Dec FOMC highs.
- Cumulative cuts: 5bp for Mar, 19bp for May, 40bp for June and 114bp for Dec.
- CPI lands tomorrow whilst today’s Fedspeak is from those who have all spoken since Feb 2 payrolls and called for patience, with Gov. Bowman (permanent voter), Barkin (’24) and Kashkari (non-voter).
- Recall, Bowman said on Feb 2 we’re not yet at a point where rate cuts are appropriate with an easing in financial conditions risking fueling inflation; Barkin said on Feb 8 that he wants conviction the inflation pullback is broadening and sustained (whilst also warning on the risk from conditions loosening); and Kashkari said on Feb 7 the Fed can take time to assess the data and saw 2-3 cuts this year as appropriate right now.
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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