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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 0.5-2bp since Friday’s close, but hold most of Friday’s ISM mfg miss-driven decline, especially for meetings further into 2024.
- Cumulative cuts: 0.5bp Mar, 6.5bp May, 22.5bp Jun, 38bp Jul and 89bp Dec.
- Gov. Kugler (voter) was last to speak on Friday, but ultimately with limited remarks: she’s optimistic that the disinflation progress will continue and that the Fed is laser-focused on bringing inflation down to 2%.
- Philly Fed’s Harker (non-voter) at 1100ET provides the sole scheduled Fedspeak today in a blank data docket. It is however on the economic impact of higher education and his comments are likely overshadowed by Chair Powell’s congressional appearances this week. Harker said Feb 22 that we’re close to cutting, just give us a “couple meetings” with his preference beyond that for a steady and slow approach to easing.
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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