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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
- After initially very little net reaction to Chair Powell’s prepared remarks, Fed Funds implied rates have pushed a touch higher during subsequent questioning.
- Post-Powell increases are limited to 1bp for Sep-Dec meetings though, only trimming large declines seen in the second half of last week on a string of softer data releases.
- Cumulative cuts from 5.33% effective: 1bp Jul, Sep 19bp, 30bp Nov, 50bp Dec and 65bp Jan.
- There don’t appear to be any obvious new headlines behind the move, with one of the main changes being a modestly dovish step re the labor market being “fully back in balance”.
- Thursday's US CPI is now firmly in focus.
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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