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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 for the March FOMC are nearly back at pre-JOLTS/Conf Board levels whilst they’ve unwound about half of the increase for late 2024 meetings.
- It leaves a cumulative 11.5bp of cuts for March, just about three cuts for July with 76bp and 133bp for 2024.
- A large part of the move came in the second half of yesterday’s session, naturally paring the sell-off (perhaps on some weaker details within JOLTS including further quits rate moderation) before an added hand from big-tech earnings weakness after the close.
- Today of course sees the FOMC decision (MNI preview) but first lands ADP and then more importantly the ECI - of added note considering the reaction to JOLTS yesterday - along with Treasury refunding amounts.
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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