Free Trial

Fed Terminal Holding Around 5.1% Ahead of CPI

STIR FUTURES
  • Fed Funds implied hikes have cooled modestly in past few hours, more notably so for 2H23.
  • 57.5bp for Dec (+1bp on the day), cumulative 97bp to 4.81% for Feb’23 (+1bp), terminal 5.09% for Jun’23 (+0.5bp) and 4.75% for Dec’23 (-2bp).
  • Barkin (’24 voter) earlier: “I like the idea of going slower for longer to a potentially higher place, because it will give you time to read the data and what you're learning from contacts and react appropriately”.

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.