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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 FUTURES
- Fed Funds implied hikes are little changed overnight, with minimal spillover from Eurozone CPI inflation as headline missed but core was in line.
- 54bp for Dec (unch), cumulative 91.5bp to 4.75% for Feb’23 (-0.5bp), terminal 5.01% Jun’23 (+0.5bp) and 4.64% Dec’23 (unch). The terminal has hovered either side of 5% even since last week’s collection of weaker data and FOMC minutes.
- Solid data line-up before Powell headlines with a discussion on the economy and labor market (1330ET, text and Q&A). He’s preceded by Governors Bowman (0850ET) and Cook (1235ET, text) before the Beige Book (1400ET).
FOMC-dated Fed Funds implied ratesSource: Bloomberg
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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