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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 nudged lower overnight, biased by BoJ commentary failing to commit to any meaningful normalization steps.
- The 1-2.5bp decline in implied rates across 2024 meetings leaves 20bp of cumulative cuts for March, 42bp for May, 66bp for June and 144bp for December.
- Daly (’24 voter) late yesterday told the WSJ she was “very close” to the median FOMC projection for rates and inflation, noting mon pol “will still be quite restrictive even if we cut three times next year” [per the median dot].
- We hear two ’24 voters ahead in Barkin and Bostic. It will be the first time Barkin has spoken since last week’s FOMC whilst Bostic said Friday that he sees two rate cuts in 2024, likely from Q3.
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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