Free Trial

Fed Rate Path Drifts Lower Ahead Of Powell

STIR FUTURES
  • Fed Funds implied hikes edge lower through the session, pricing a 31bp hike for the Feb 1 FOMC (-1bp), cumulative 50bp for March (-2bp) and 60bp to a terminal 4.94% in June (-1.5bp).
  • It’s despite appearances from ’24 voters Bostic and Daly warning about declaring victory on inflation prematurely, with data dependency seeing both acknowledge the February decision is likely between a 25bp or 50bp hike.
  • There is potential to hear more on the matter from Powell’s panel at 0900ET tomorrow, all with an eye on CPI on Thursday.

To read the full story

Close

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.