Free Trial
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 are little changed from Friday’s close, and in doing so keep to last week’s push to no longer fully pricing a first cut at the June FOMC after hawkish jobless claims data and pushback from Fed Gov. Waller.
- Cumulative cuts from 5.33% effective: 1bp Mar, 5.5bp May, 20bp June and 83bp Dec.
- The latter saw a low of 77.5bp cuts priced for 2024 early on Friday in a further step towards the 75bp of cuts pencilled in by the median FOMC participant at the Dec SEP.
- KC Fed’s Schmid (’25 voter) is the sole scheduled speaker today, late on at 1940ET on the economic and policy outlook incl text. These should be the first mon pol relevant remarks since his appointment in August.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok