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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 pushed up to 2bps higher overnight, continuing a theme of greater patience over the starting point of rate cuts.
- Cumulative cuts: 5bp Mar, 18.5bp May, 40bp Jun and 115bp Dec. The 4.18% implied effective rate for Dec’24 is broadly back to levels before the Dec FOMC perceived pivot.
- Ahead, CPI revisions headline today’s docket before Dallas Fed’s Logan (non-voter) speaks in Q&A at 1330ET.
- One of the more hawkish FOMC members, Logan last spoke Jan 6 noting a lot of the effects of higher rates are behind us and inflation risks a pickup if financial conditions loosen, but also that the Fed should begin the discussion on slowing its asset runoff.
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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