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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 drifted 1-3bp higher since Fedspeak got under way at 1100ET with Kugler, as whilst Collins in particular leant dovish, it removed a risk of more dovish remarks as she opted for a similar line to Mester with looking for rate cuts later this year.
- Cumulative cuts: 6bp Mar, 21bp May, 44bp Jun and 122bp Dec.
- Still to come, Governor Bowman (permanent voter), the most hawkish member on FOMC, who spoke after payrolls on Friday: not yet at point where rate cuts are appropriate, easing financial conditions risk fueling inflation, remain willing to hike if inflation progress stalls, but rate cuts eventually warranted as inflation falls.
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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