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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 for the January terminal have lifted slightly since our post-ISM mfg update but remain lower both since the data and on the day, with +9.5bp of cumulative tightening priced.
- It’s followed by 84bp of cuts to end-2024 for an implied effective rate of 4.58%. Assuming the same current 8bp spread over the target lower bound, that marks a 4.5-4.75% range compared to the 5.0-5.25% median dot in the September dot plot.
- This 4.58% rate has dropped 20bps since levels just before Chair Powell’s inter-meeting address at the Economic Club of New York on Oct 19.
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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