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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
- Ahead of the FOMC decision, the day’s post-PPI rally has fully unround the boost from yesterday’s CPI release for the Fed Funds implied rate path.
- There is 12bp of cumulative easing priced for March, 29bp for May, 48bp for June and 115bp end-2024 – see table for pre-CPI and pre-payrolls comparisons.
- The latter tallies with a 4.18% implied effective rate, 90bps below the 5-5.25% range for the 2024 median dot from the September SEP (assuming the same spread over the lower bound).
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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