Free Trial

Implied Hikes Evaporate Despite Fed Flagging More 25bp Moves

STIR

Snapshot of current levels after the second consecutive 25bp hike, flagging more 25bp may be needed:

  • Fed funds implied hike for May'23 16.1, Jun'23 cumulative 10.1bp to 4.879%, Jul'23 slips to -5.8bp to 4.720%. Fed Terminal currently at 4.945% in May'23.
  • Implied rate cuts accelerate by year end with Dec'23 cumulative -42.4 at 4.354.

To read the full story

Close

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.