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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 hold yesterday’s second half climb that came about with little new drivers, showing little impact from further declines in industrial commodity prices overnight.
- It leaves implied rates close to highs seen since surprisingly soft US CPI on Jul 11, although still fully prices three cuts with the January meeting.
- Cumulative cuts from 5.33% effective: 0.5bp Jul, 24.5bp Sep, 39bp Nov, 61bp Dec and 78bp Jan.
- A reminder that the FOMC is in media blackout for the Jul 31 decision whilst today sees a pick-up in data with existing home sales and some regional Fed manufacturing surveys but with greater data focus on GDP and PCE data on Thu/Fri.
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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