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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
- Beyond the next meeting in February, Fed Funds implied hikes have nudged higher overnight but don’t fully reverse the press conference retracement of the initially hawkish reaction to the statement/SEP.
- Compared with just prior to the statement, the 32bp for Feb is unchanged before a cumulative 48bps to 4.82% in Mar (+4bp), terminal 4.89% May (+8.5bp) and 4.37% end’23 (+7bp).
- Powell saying the focus isn't on rate cuts and won't be considering such until the committee sees inflation returning to target doesn't stop ~50bp of cuts being priced from the terminal to year-end.
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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