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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 cooled slightly to edge lower from Friday’s close, but still hold onto 74bp of cuts for 2024 heading with Wednesday’s FOMC in mind.
- Cumulative cuts from 5.33% effective: 0.5bp Mar, 2.5bp May, 16bp Jun, 26.5bp Jul and 74bp Dec.
- The weekend saw an FT-Chicago Booth poll of academic economists eye two or fewer cuts this year, starting between July and September, concerning struggles with the “last mile” to the inflation target.
- The WSJ meanwhile reports that influential economic advisers to Trump have shortlisted three potential candidates for Fed chair: Kevin Warsh, Keven Hassett and one of Trump’s advisers themselves, Arthur Laffer. Powell’s term as chair expires in 2026.
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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