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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
- Fed Funds implied hikes edge further higher after yesterday’s gains, especially in 2H23, although moves came before both the ISM beat and 2024 voters Bostic and Daly pushing back on 2023 rate cut pricing.
- 70.5bp for Nov (+0.5bp) and a cumulative 119bp to 4.27% Dec’22 (+1.5bp) before terminal 4.51% Mar’23 (+2bp) and 4.22% Dec’23 (+3bp). Still below the 4.6% median dot for end-2023.
- Stacked Fedspeak today. Governors: Cook (text + Q&A), Waller (text + Q&A, late). '22 voter: Mester x2. ’23 voters: Kashkari x2, Evans.
FOMC-dated Fed Funds rate at specific meetingsSource: Bloomberg
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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