Free Trial

Fed Terminal ~4.75%, End-2023 4.5%

STIR FUTURES
  • Fed Funds implied hikes are off session and cycle highs but continue to trend higher with notable spillover from BoE expectations.
  • Showing 71bps for Nov (+2bp), 4.31% for Dec (+4bp), a terminal 4.76% for May’23 (+5bp) and 4.50% for end’23 (+8bps).
  • Post-FOMC Fedspeak starts in earnest: Two meetings left for ’22 voters Collins and Mester, plus Logan (‘23) and Bostic (’24), the latter saying Sunday that a soft landing is not going to be easy. Follows Powell saying Friday the economy may be entering a 'new normal' after the pandemic.

FOMC-dated Fed Funds implied hikes at specific meetingsSource: Bloomberg

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.