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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
- Fed Funds implied rates have lifted up to 1.5bps overnight, aided at the margin by pushback from ECB hawks. It still holds the bulk of yesterday’s decline on nuanced data which although expected included confirmation of a second quarter for core PCE at 2.0% annualized.
- Cumulative cuts: 12.5bp for March, 33bp for May, 59bp for June and 140bp for Dec – table below.
- Yesterday’s 2.0% increase for Q4 implies core PCE inflation of ~0.16% M/M in today’s December release, on the heavy assumption of no revisions to Oct/Nov.
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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