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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 FUTURES
- Fed Funds implied rates have seen a continued move lower since the BOE decision, with the June rate -1bp on the day, Dec rate -3bp and Jan -4bp.
- It helps reinforce the market view that last week’s hike is the final for the cycle (-2bps for Jun) before four consecutive cuts seen from September through to January from the current effective rate of 5.08%. Pre-CPI comparison in the table below.
- US PPI inflation ahead with consensus for core measures to bounce back with 0.2/0.3% M/M readings despite a further improvement in supply chain pressures, along with jobless claims. It’s followed shortly after by Kashkari (’23 voter) in moderated Q&A at 0845ET speaking officially for the first time since the May FOMC.
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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