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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 are little changed from Friday’s close, with a terminal still flickering around the Dec and Jan meetings and cut expectations on the low side but off post-FOMC mid-week lows.
- Cumulative hikes from 5.33% effective: +5bp and Nov, +12bp to Dec and +12bp to Jan for a terminal 5.45%.
- Cuts from terminal: 22bp to Jun’24 and 76bp to Dec’24. The latter closed at a recent low of 71bp after Wednesday’s FOMC decision although remains notably tighter than the >100bps seen a month ago.
- Fedspeak: Goolsbee (’23 voter) offers his first post-FOMC views in a CNBC interview at 0830ET. Kashkari (’23) follows late on at 1800ET in a moderated discussion after very little policy-related content on Friday. Gov. Bowman has already implied she was the top 6.1% 2024 dot from last week’s SEP.
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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