Free Trial

Fed Rates Little Changed Ahead Of BoE & Jobless Claims

STIR
  • Fed Funds implied rates are unchanged for meetings out to Sept and after that fractionally higher on the day.
  • Cumulative cuts from 5.33% effective: 3bp Jun, 9bp Jul, 21bp Sep, 30bp Nov and 43bp Dec.
  • Potential spillover from the BoE rate decision offers the first point of focus before weekly jobless claims data in a particularly light data week.
  • Later on, SF Fed's Daly (’24 voter) speaks in a fireside chat at 1400ET. She said Apr 16 that the worst thing the Fed can do now is act urgently as it’s not necessary - it needs to be confident inflation is going to 2% before reacting.

To read the full story

Close

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.