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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 a little higher overnight on no clear headline driver.
- Cumulative cuts from 5.33% effective: 3bp Jun, 8.5bp Jul, 21bp Sep, 29bp Nov, 43bp Dec.
- Yesterday, Kashkari (non-voter) reiterated potential for no cuts this year (unsure whether he’ll stick with two cuts in next month’s SEP or just one or no cuts).
- Ahead, the main monetary policy relevant Fedspeak is likely Collins although Jefferson could offer a few lines.
- 1110ET - Vice Chair Jefferson (voter) speaks on careers in economics (1110ET).
- 1145ET - Collins (’25 voter) speaks to MIT students including prepared remarks. She said Apr 12 that it’s too soon to tell if the recent CPI numbers, which were on the “high end” of expectations, were more than a bump whilst she sees the Fed cutting later than previously thought.
- 1330ET - Gov. Cook (voter) speaks on financial stability (text tbd).
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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