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
- They’re still low at only 3bps but July cut odds have been bolstered by Goldman Sach’s Hatzius seeing a “solid rationale” for a July rate cut, even if he keeps his forecast for a first cut in September.
- Latest labor and inflation data suggest monetary policy rules pointing to 4% rates.
- Rationale for acting in July includes volatility in monthly inflation that “could make a September cut awkward to explain” if there’s a temporary reacceleration, and the “undeniable (if never acknowledged) incentive to avoid initiating cuts in the last two months of a presidential election campaign”.
- September cut pricing has built further, currently at a cumulative 27bp ahead of Powell’s interview by David Rubenstein at 1230ET.
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