-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessUS TREASURY AUCTION CALENDAR
US Corporate Supply Pipeline
Fed Rate Path Eases Back With Powell Eyed
- Fed Funds implied hikes have trimmed some of yesterday’s continued climb although a largely parallel shift from the terminal onwards keeps 2H23 cuts near recent lows of 33bps (50bps pre-payrolls).
- 25.5bp for Mar (unch), cumulative 43.5bp for May (-1.5bp), 53bp to terminal 5.11% in Jun/Jul (-3/-4.5bp) before 4.78% Dec (-5bp).
- Chair Powell remarks expected to start 1240ET. Follows limited Fedspeak post-FOMC and payrolls. So far Bostic (’24) late yesterday still saw two more hikes as base case but the jobs data raised the possibility of a higher terminal, and Daly (’24) Fri saw the Dec dots as a good indicator of where headed but is prepared to do more if needed.
FOMC_dated Fed Funds futures implied ratesSource: Bloomberg
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.