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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 haven’t been able to claw back earlier declines seen overnight post a non-hawkish BoJ and which carried on until stronger than expected US housing starts.
- There is a cumulative 20bp of cuts priced for March (vs 19bp yesterday), 43.5bp for May (from 40.5bp) and 142bp for end-2024 (from 141bp).
- Today’s two 2024 voters saw Barkin hold his cards close to his chest in an interview with Yahoo Finance whilst Bostic spoke in more detail, noting progress but still seeing a ways to go to get inflation back to target (whilst reiterating Friday’s comments about seeing two rate cuts in 2024, starting 2H24).
- Chicago Fed’s Goolsbee (’25 voter) is next up late today at 1800ET on Fox before returning for a WSJ podcast tomorrow.
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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