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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 seen some recent intraday softening to leave them almost unchanged on yesterday’s close and after just before the FOMC minutes.
- The path shows just 1.5bp of tightening for December, with a first cut coming in June (cumulative 32bp), a second in September (61bp but close in July with 46bp) and 92bp of cuts to end-2024.
- Barclays no longer expects the Fed to raise interest rates in January, compared with an earlier forecast of a 25bp hike. Rates will remain unchanged until December next year, it said (Reuters).
- There’s no scheduled Fedspeak, with a pulled forward data calendar leading the docket ahead of Thanksgiving.
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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