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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
- After some mild gyrations overnight, Fed Funds implied rates are back little changed having shifted lower with the FOMC decision and in particular Chair Powell’s presser yesterday.
- There is just 4bp of tightening seen for Dec building to a cumulative 7bp to Jan for a terminal 5.39%.
- It’s followed by a cumulative 31bp of cuts to Jun’24 and 89bp to Dec’24, the latter of yesterday’s 91bp which marked the highest close since Oct 9 and before that mid-September.
- The FOMC remains in its media blackout today so welcoming remarks from St Louis Fed’s interim president Paese shouldn’t contain any policy relevant content.
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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