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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 dipped off overnight night highs, following European moves, but still see an end-2024 rate notably higher than the FOMC median. A particularly light session today sees focus firmly on tomorrow’s CPI report and FOMC minutes.
- Cumulative cuts from 5.33% effective: 1.5bp May, 13.5bp Jun, 22bp Jul, 39bp Sep and 64bp Dec.
- Kashkari (non-voter) in a town hall after the close yesterday: the labor market is no longer “red hot” but still tight, and his base case is that inflation will continue to fall. He revealed on Thu that he wrote down two cuts this year in the March SEP.
- Former St Louis Fed President Bullard meanwhile sees three rate cuts as the base case with the first cut justified by the data.
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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