© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
USDCAD TECHS

Bouncing Ahead of 200-DMA Support

AUDUSD TECHS

Bullish Conditions

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Further Fed Funds Rate Increases Post-Payrolls

STIR FUTURES
BulletMarketsFixed IncomeForeign ExchangeFOMC Calendar Market News
  • After a pause from the post-payrolls surge, rates implied by FOMC-dated Fed Funds have drifted higher again.
  • Currently pricing a 69bp hike for Sept whilst the terminal rate briefly touched a new session high of 3.68% for Mar’23, moving closer to the cycle high of 3.72% seen for the Dec’22 meeting after US CPI in mid-July as the curve becomes less front-loaded.
  • It continues a huge repricing of hikes since last week’s FOMC, with at least an additional 25bp hike priced since after Powell’s press conference through Dec’22-Sep’23 meetings – see chart below (historical values from close on that day).

99 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • After a pause from the post-payrolls surge, rates implied by FOMC-dated Fed Funds have drifted higher again.
  • Currently pricing a 69bp hike for Sept whilst the terminal rate briefly touched a new session high of 3.68% for Mar’23, moving closer to the cycle high of 3.72% seen for the Dec’22 meeting after US CPI in mid-July as the curve becomes less front-loaded.
  • It continues a huge repricing of hikes since last week’s FOMC, with at least an additional 25bp hike priced since after Powell’s press conference through Dec’22-Sep’23 meetings – see chart below (historical values from close on that day).