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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI US MARKETS ANALYSIS - CAD Slips as Trump Looks to Tariffs
MNI China Daily Summary: Tuesday, November 26
Fed Rate Expectations Slip Further On Mixed US Data
- Fed Funds implied rates have continued to press lower in the time since the mixed 1000ET US data with weaker consumer confidence & Richmond Fed mfg but stronger new home sales.
- 21bp hike for next week’s FOMC (-1.5bp) and a cumulative 25bp hike for Jun (-2bp), which is now seen fully reversed with Sep before 21bps of cuts from current levels to 4.62% Nov (-6.5bp on the day, -14bp from Fri close) and 42bps of cuts from current to 4.41% Dec (-7.5bp on the day, -17bp from Fri close).
- The declines show an eagerness to pick up on softer elements of data, building on a slip late yesterday after First Republic's Q1 earnings saw a resurgence of regional banking uncertainty with larger than expected deposit flight for Q1.
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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.