Free Trial
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
- Hike expectations sit at the higher end of the range established since Powell’s shift to moving “expeditiously” towards tighter policy, especially over more immediate meetings.
- FOMC-dated Fed Funds have 43.5bps for the May meeting, 83.5bps for June (66% chance of 100bps over two meetings) and 189bps for December.
- Stacked Fedspeak with Kashkari, Waller, Evans, Bostic and then Daly overnight although Evans (2023 voter) at 0950ET is the only one who hasn’t already spoken since the FOMC decision.
- Waller (permanent voter) might specify where he sits on the dot plot – he wants end-2022 rates slightly above the 2.00-2.25% he sees as neutral so is either 1 of 3 looking for 2.25-2.5% or the sole one looking for 2.5-2.75%.
Cumulative hikes from FOMC-dated Fed FundsSource: 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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok