Free Trial

Fed Rate Path Pushes Higher, First Cut With Sept FOMC

STIR FUTURES
  • Fed Funds implied rates have continued yesterday’s push higher although are a little off session highs, with 12bp of hikes for Mar to a peak 4.95% (unch).
  • There is now just one cut priced from the current effective 4.83% with the Sept FOMC (4.55%, +3.5bp) compared to Friday’s low of three cuts, with 58bp of cuts to year-end with 4.25% in Dec (+4.5bp).
  • Sole scheduled Fedspeak from VC Supervision Barr at the Senate with prepared remarks released yesterday (MNI Brief here).


FOMC-dated Fed Funds implied ratesSource: Bloomberg

To read the full story

Close

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.